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Avic Intl is reviewing investment proposals that have been submitted by divisional managers. The investment funds of the company are limited to $900,000 in the
Avic Intl is reviewing investment proposals that have been submitted by divisional managers. The investment funds of the company are limited to $900,000 in the current year. Details of three possible investments, none of which can be delayed, are given below. Project 1 An investment of $450,000 in work station assessments. Each assessment would be on an individual employee basis and would lead to savings in labour costs from increased efficiency and from reduced absenteeism due to work-related illness. Savings in labour costs from these assessments in money terms are expected to be as follows: {:[" Year ",1,2,3,4,5],[" Cash flows "($^(')000),90,95,110,105,95]:} Project 2 An investment of $450,000 in individual workstations for staff that is expected to reduc
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