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Labco Scientific sells high-purity chemicals to universities, research laboratories, and pharmaceutical companies. The company wants to invest in new equipment that will reduce shipping costs by better matching the size of the completed prod- ucts with the size of the shipping container. The new equipment is estimated to cost $550,000 to purchase and install. i=8% A=? 0 2 3 4 5 A= Represents savings every year 1 How much must Labco save each year for 5 years in order to justify the invest- ment at an interest rate of 8% per year? d) $2,381,225 Ob) $1,796,715 a) $137, 753 c) $221,161