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Jackson Inc. disposes of other companies' toxic waste. Currently, Jackson loads the waste by hand into a truck, which requires the labor of $25 per
Jackson Inc. disposes of other companies' toxic waste. Currently, Jackson loads the waste by hand into a truck, which requires the labor of $25 per load. Jackson is considering a machine that would reduce the amount of time needed to load the waste. The machine would cost $275,000 but would reduce labor costs to $5 per load. Assume that Jackson averages 11,000 loads per year. How many years would it take for Jackson to recover the cost of the new machine?
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