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You are the vice president of finance for Neptune Enterprises, Inc., a manufacturer of scuba diving gear. The company is planning a major plant expansion

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You are the vice president of finance for Neptune Enterprises, Inc., a manufacturer of scuba diving gear. The company is planning a major plant expansion in 5 years. You have decided to start a sinking fund to accumulate the funds necessary for the project. Your company's investments yield 8% compounded quarterly. It is estimated that $2,000,000 in today's dollars will be required; however, the ination rate on construction costs and plant equipment is expected to average 5% per year for the next 5 years

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