A company is trying to decide how much to sell its new Widget, which could save $1,500 a year in energy costs. Their clients use an 8% discount rate and require payment of the present value of the savings for the system that only looks at 4 years of savings. How much can they sell the product for?

Answer rating: 100% (QA)

To determine how much the company can sell its new widget for we need to calculat... View the full answer