Because of international competition, a company that manufactures high$-$speed submersible rotary indexing spindles must upgrade its production equipment to reduce costs over a $6-$year planning horizon. The company can invest $$80,000$ one year from now, $2$ years from now, or $3$ years from now. Depending on when the investment is made, the savings will vary. That is$,$ the savings will be $$22,000,27,000,$ or $$38,000$ per year if the respectively.

Will the timing of the investment affect the request to make at least $20\%$ per year return? Use future worth analysis and solve using factors.

$1,$ the timing of the investment $()$ affect the

$,$ the timing of the investment $)$ affect the request to make at least $20\%$ per year return.

The investment must be made in $($Click to select$)0$ years.

$($Click to select$)$

$2$

$1$

$3$