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I've posted this question before and they got it wrong Johnson Thermal Products uses austenitic nickel-chromium alloys to manufacture resistance heating wire. The company is
I've posted this question before and they got it wrong
Johnson Thermal Products uses austenitic nickel-chromium alloys to manufacture resistance heating wire. The company is considering a new annealing-drawing process to reduce costs. If the new process will cost $2.5 million now, how much must be saved each year to recover the investment in 5 years if the company's MARR is a real 10% per year and the inflation rate is 3.5% per year? The amount to be saved each year to recover the investment is \$ (Enter your answer in dollars and not in millions of dollars.) Step by Step Solution
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