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Please write the whole solution not just the choice!! And PLEASE PLEASE drow the CASH DIGRAM 2. A new condensate-recovery system is being considered to
Please write the whole solution not just the choice!! And PLEASE PLEASE drow the CASH DIGRAM
2. A new condensate-recovery system is being considered to replace an antiquated system at Arun Tech. It is estimated that the new system will cost $600,000 to install now. However, the old antiquated system may be fixed at a cost to last for another two years. If the new system is delayed for another two years, it could be bought and installed at the same cost of $600,000. The company is in a budget squeeze and having problem finding the money now for the new system and is therefore considering a two year delay for the installation of the new system. If money is worth 15%, how much can the company afford to spend to fix the old system to be functional for two more years? 0 9 B) $193,200 C) $146,340 D) $222,500Step by Step Solution
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