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The Toro Company is expanding its El Paso, Texas plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant bought
The Toro Company is expanding its El Paso, Texas plastic molding plant as it continues to transfer work from Juarez, Mexico contractors. The plant bought a $ million precision injection molding machine to make plastic parts for Toro lawn mowers trimmers, and snow blowers. The plant also spent $ for three smaller plastic injection molding machines to make plastic parts for a new line of sprinkler systems. The plant expects to hire people, including some engineers for the expansion If the average loaded cost ie including benefits of each employee is $ per year, determine the annual worth of the new systems and employees over a year study period. Use an investment return rate of per year, and assume a salvage value for the new equipment.
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