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Seema is looking at an investment in upgrading an inspection line at her plant. The initial cost would be K140 000 with a salvage value

  1. Seema is looking at an investment in upgrading an inspection line at her plant. The initial cost would be K140 000 with a salvage value of K37 000 after five years. Use the capital recovery formula to determine how much money must be saved every year to justify the investment at an interest rate of 14 percent. (8 Marks)

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