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Problem 0 3 . 0 4 3 - Shifted gradients A software company that installs systems for inventory control using RFID technology spent $ 6

Problem 03.043- Shifted gradients
A software company that installs systems for inventory control using RFID technology spent $660,000 per year for the past 3 years in
developing their latest product. The company optimistically hopes to recover its investment in 5 years on a single contract beginning
immediately (year 0). The company is negotiating a contract that will pay $275,000 now and a to-be-agreed-upon annual increase of a
constant amount each year through year 5. How much must the income increase (an arithmetic gradient) each year if the company
wants to realize a return of 15.00% per year? (Round the final answer to three decimal places.)
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