China spends an estimated $100,000 per year on cloud seeding efforts, which includes using anti-aircraft guns and rocket launchers to Fill the sky with silver iodide. In the United States, utilities that run hydroelectric dams are among the most active doud seeders, because they believe it is a cost-effective way to increase limited water supplies by 10% or more. If the yields of cash crops will increase by 4% each year for the next 3 years because of extra irrigation water captured behind dams during cloud seeding, what is the maximum amount the farmers should spend now on the cloud activity? The Value of the cash crops with-out the extra irrigation water would be $600,000 per year. Use an interest rate of 10% per year. If we purchase a new factory for $1, 500,000, what will the factory's building be worth in 15 years? We determine that the projected rate of return for each year is at least 17%? A company that makes self-clinching fasteners expects to purchase new production-line equipment in 6 years. If the new units will cost $660,000, how must should the company set aside each year, if the account earns 11% per year