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Engineering Economics: How much money could a maker of superconducting magnetic energy storage systems afford to spend now on new equipment that has an initial

Engineering Economics:

How much money could a maker of superconducting magnetic energy storage systems afford to spend now on new equipment that has an initial cost of $50,000, and operation costs of $1000 per year beginning 5 years from now if the companys rate of return is 12% per year?

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