The cost of updating an outdated production process is expected to be $81,000 four years from now.

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The cost of updating an outdated production process is expected to be $81,000 four years from now. The equivalent present worth of the update at 6% per year interest is closest to:

(a) $51,230

(b) $55,160

(c) $60,320

(d) $64,160

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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