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devotes to his research Chris LeBlanc estimates that it he does 4.5 hours of research using data that will cost $173,00, there is a good

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devotes to his research Chris LeBlanc estimates that it he does 4.5 hours of research using data that will cost $173,00, there is a good chance that he can improve his expected return on a $10,000, 1-year investment from 6.5% to 8.8%. Chris feels that he must earn at least $31.00 per hour on the time he a. Find the cost of Chris's research b. By how much (in dollars) will Chris's return increase as a result of the research? c. On a strict economic basis, should Chris perform the proposed research? a. Chris's research costs $. (Round to the nearest cent.)

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