Darnell Enterprises constructed an addition to its building at a cost of $70,000. Extra annual expenses are

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Darnell Enterprises constructed an addition to its building at a cost of $70,000. Extra annual expenses are expected to be $1850, but extra income will be $14,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? Also, write the spreadsheet function that determines np.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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