Question: A software company that installs systems for inventory control using RFID technology spent $ 6 4 0 , 0 0 0 per year for the

A software company that installs systems for inventory control using RFID technology spent $640,000 per year for the past 3 years in developing their latest product. The company optimistically hopes to recover its investment in 5 years on a single contract beginning immediately (year 0). The company is negotiating a contiact that will pay $275,000 now and a to-beagreed-upon annual increase of a constant amount each year through year 5. How much must the income increase (an arithmetic gradient) each year if the company wants to realize a return of 10.00% per year? (Round the final answer to three decimal places.)
 A software company that installs systems for inventory control using RFID

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