Question: 18. 2.19 Turik Electronics manufactures microprocessor-based soft starters that use thyristors for controlled reduced voltage during starting and stopping. The company is planning a production-line

18. 2.19 Turik Electronics manufactures microprocessor-based soft starters that use thyristors for controlled reduced voltage during starting and stopping. The company is planning a production-line expansion that will cost $1.3 million. If the company uses a minimum attractive rate of return of 15% per year, what is the equivalent annual cost in years 1 through 5 of the investment?

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