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Draw cash flow diagram. The answer is in red. I rate. 2. Expenses associated with heating and cooling a large manufacturing facility owned by Nippon

Draw cash flow diagram. The answer is in red. I rate. image text in transcribed
2. Expenses associated with heating and cooling a large manufacturing facility owned by Nippon Steel are expected to increase according to an arithmetic gradient. If the cost is $550,000 now (i.e., year 0) and the company expects the cost to increase by $40,000 each year through year 12 what is the equivalent annual worth in years 1-12 of the energy costs at an interest rate of 10% per year? ($846,240.7)

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