The U$.$S$.$ manufacturer president is not sure of the time frame to plan for the use of this new technology. The decision, in part, rests

upon the rate of return achievable as the years of use progress. In the past, projects must return at least $24\%$ per year to be retained.

Required:

a$.$ Determine the expected rate of return per quarter for $2$ years $(8$ quarters$)$ and beyond using a spreadsheet.

b$.$ Make a recommendation on the number of years to use the technology to economic advantage.

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