Question: Radio Frequency Identification (RFID) is the technology used for drivers to quickly cross toll booths, and also for ranchers to track cattle from farm to

Radio Frequency Identification (RFID) is the technology used for drivers to quickly cross toll booths, and also for ranchers to track cattle from farm to fork. Wal-Mart hopes to start using it to track products within its stores. If IDRF-tagged products lead to better inventory control, the company would save $ 1.3 million MONTHLY starting three months from today, how much should the company spend to implement the technology, with an interest rate of 12% ANNUAL, if you want to recoup your investment in 2.5 years?

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