Question: please answer Problem 13: (10 points) A surgical device company is proposing a plant expansion for a new product line, that is expected to cost

please answer

Problem 13: (10 points) A surgical device company is proposing a plant expansion for a new product line, that is expected to cost $32 million now and another $8 million 2 years from now. If the total operating costs will be $1.4 million per year starting I year from now, and the estimated salvage value of the plant is zero, how much must the company make annually in years I through 10 to recover its investment plus a return of 16% per year

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