Question: Note: use a calculator to solve it By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid hir- ing an

Note: use a calculator to solve it

By installing some elaborate inspection equipment on its assembly line, the Robot Corp. can avoid hir- ing an extra worker who would have earned $36,000 a year in wages and an additional $9500 a year in employee benefits. The inspection equipment has a 6-year useful life and no salvage value. Use a nomi nal 18% interest rate in your calculations. How much can Robot afford to pay for the equipment if the wages and worker benefits were to have been paid (a) At the end of each year (b) Monthly

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