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An engineer recommends an investment of $200,000 now to improve production efficiency which results in savings of S15,000 per year for each of the next

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An engineer recommends an investment of $200,000 now to improve production efficiency which results in savings of S15,000 per year for each of the next 10 years and an additional savings of $300,000 at the end of 10 years. Determine the rate of return of this improvement

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