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Your company is planning on upgrading one of its specialty processes, and this will require a new reactor. The project will come online in 7
Your company is planning on upgrading one of its specialty processes, and this will require a new reactor. The project will come online in 7 years, and your boss requests that you put together a plan for covering the capital investment. You calculate that the company will need $7.4 million at the end of 7 years to pay for this reactor. Using a discount rate of 11%, calculate
How much money the company needs to set aside this year to have this value in 7 years.
How much money they would need to set aside each year to have this value in 7 years.
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