Question: PLEASE USE EXCEL 14- The market for widgets is increasing by 15% per year from 39 current profits of $2,000,000. Investing in a design change

PLEASE USE EXCEL
PLEASE USE EXCEL 14- The market for widgets is increasing by

14- The market for widgets is increasing by 15% per year from 39 current profits of $2,000,000. Investing in a design change will allow the profit per widget to stay steady; otherwise the price will drop by 3% per year. If inflation in the economy is 4%, what is the present worth in Year-1 dollar 5 of the savings over the next 5 years? 10 years? The interest rate is 10%

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