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Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $17,500 per year. An emission reduction

Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $17,500 per year. An emission reduction filter will cost $70,000 and will have an expected life of 5 years. Carlisles MARR is 9 %/year. What is the present worth of this investment?

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