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This year's operating costs were down $100,000; a decrease directly attributable to the $520,000 investment in automated materials handling system put in place at the

This year's operating costs were down $100,000; a decrease directly attributable to the $520,000 investment in automated materials handling system put in place at the beginning of the year. If this level of annual savings continues for five more years, resulting in six total years of annual savings, what compounded annual rate of return will that represent? If they continue for nine more years, what compounded annual rate of return will that represent (ignoring income taxes)

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