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Michael's Workshop is considering investing in new technology that will speed the production of his workshop. If Michael can produce more, then he anticipates selling
Michael's Workshop is considering investing in new technology that will speed the production of his workshop. If Michael can produce more, then he anticipates selling more. Michael thinks that revenue will increase by $60,000 and income from operations will increase by $30,000 per year. The new technology cost $90,000. If Michael has a minimum threshold to always earn 12% on his money, what will be the change, if any, in her residual income?
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