13. A maintenance supervisor learned that installing a type of high-efficiency light bulb in the building can
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13. A maintenance supervisor learned that installing a type of high-efficiency light bulb in the building can save the organization $1,000 a year. Replacing the light bulbs with the new ones would cost about $2,500.
a. What is the payback period for this replacement?
b. What is the average rate of return?
c. Do you think this is a worthwhile investment?
Why or why not?
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