Question: Please show work and answer part b give answer for real dollars! A software company's labor requirements currently cost $385,000/year. The labor-hour requirements are expected

Please show work and answer part b give answer for real dollars!

A software company's labor requirements currently cost $385,000/year. The labor-hour requirements are expected to increase by 5% per year over the next 5 years. If inflation is 2.0%, determine the labor costs after 5 years using: Part a Then-current dollars. $

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