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RTT environmental services has a contract to reclaim a Superfund site that will pay them $280,000 per year over the next 4 years. Expenses associated
RTT environmental services has a contract to reclaim a Superfund site that will pay them $280,000 per year over the next 4 years. Expenses associated with the project are expected to be $90,000 per year. How much can they afford to borrow at the start of the project to pay for the needed equipment if they want to earn a 15% per year return on their investment?
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