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Boeing has purchased composite wing fixtures for the assembly of its new Dreamliner Commercial airliner. Assume this system costs $3 million to install and an

Boeing has purchased composite wing fixtures for the assembly of its new Dreamliner Commercial airliner. Assume this system costs $3 million to install and an estimated $200,000 per year for all materials, operating, personnel, and maintenance costs. The expected life is 10 years. An engineer wants to estimate the total revenue requirement for each 6-month period that is necessary to recover the investment, interest, and annual costs. Find this semiannual A value if capital funds are evaluated at 8% per year compounded semiannually

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