Applications of green, lean manufacturing techniques coupled with value stream mapping can

make large financial differences over future years while placing greater emphasis on environ$-$

mental factors. Engineers with Monarch Paints have recommended to management an invest$-$

ment of $$200,000$ now in novel methods that will reduce the amount of wastewater, packaging

materials, and other solid waste in their consumer paint manufacturing facility. Estimated sav$-$

ings are $$15,000$ per year for each of the next $10$ years and anditional savings of $$300,000$

at the end of $10$ years in facility and equipment upgrade costs. Determine the rate of return