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Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is $80,000 per year. A clever industrial engineer found that by spending $18,000 now
Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is $80,000 per year. A clever industrial engineer found that by spending $18,000 now to reconfigure the production line and reprogram two of the robotic arms, the cost will go down to $52,000 next year and $56,000 in years 2 through 5 . Using an interest rate of 9.00% per year, determine the present worth of the savings due to the reconfiguration. (Round the final answer to three decimal places.) The present worth of the savings is determined to be $
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