Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by ($ 10,000) per

Question:

Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by $\$ 10,000$ per year for the next 12 years. Fabco's MARR is 7 percent/year. Using a present worth approach, determine the maximum amount Fabco should be willing to pay for the valves.

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