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Chapter 12, Problem 019 A software company's labor requirements current y cost $320,000/year The labor-hour requirements are expected to increase by 9% per year over

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Chapter 12, Problem 019 A software company's labor requirements current y cost $320,000/year The labor-hour requirements are expected to increase by 9% per year over the next 5 years. If inflation is 5.5%, determine the labor costs after 5 years using: then-current dollars. $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 3%. constant-worth dollars. $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 3%

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