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A software companys labor requirements currently cost $355,000/year. The labor-hour requirements are expected to increase by 9% per year over the next 5 years. If

A software companys labor requirements currently cost $355,000/year. The labor-hour requirements are expected to increase by 9% per year over the next 5 years. If inflation is 4.0%, determine the labor costs after 5 years using: Then current dollars

b.) Real dollars

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