Question: 1 - 8 . Bookbinders Co . is making a decision about investing in new technology. It currently expects to earn $ 2 , 0

1-8. Bookbinders Co. is making a decision about investing in new technology. It currently expects to earn $2,000,000 in its lifetime. If it invests in brand-new equipment today, its expected earnings will permanently increase by 5% per day. What is the expected value of investing in the new equipment? (1.3)

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