Question: Engineers Without Borders developed a filter designed to allow the user to drink water safely from a stream. TerpEWB will commercialize this filter. Implementing an

Engineers Without Borders developed a filter designed to allow the user to drink water safely from a stream. TerpEWB will commercialize this filter. Implementing an automated assembly process will cost $5000 per year for the next 6 years. The real interest rate is 15% per year and the inflation rate is 5% per year. (a) What is the amount they can spend now in lieu of these future costs? (b) If only $12,000 is available now, what is the maximum equivalent amount that can be spent for each of the 6 years

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