A new computer system costing $25,000 will reduce labor costs by $7000/year for 5 years. (a) Is
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A new computer system costing $25,000 will reduce labor costs by $7000/year for 5 years.
(a) Is it a good investment if r = 8%?
(b) How much money will the company actually save?
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a The present value of the reduced labor costs is ...View the full answer
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