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Question 4 (10 points) Toro Company is expanding its US-based plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant
Question 4 (10 points) Toro Company is expanding its US-based plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant bought a $1.1 million precision injection molding machine to make plastic parts for Toro lawn mowers, trimmers, and snow blowers. The plant expects to hire 12 people, including some engineers for the expansion. If the average loaded cost (i.e., including benefits) of each employee is $100,000 per year, determine the annual worth of the new systems over a five-year planning period at an interest rate of 10% per year. Assume a 20% salvage value for the new equipment. 0$-2,436,420 0 $-2,539,420 O $-1,454,142 O $-1,973,420
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