Question: Remodeling an office will cost $ 2 8 , 0 0 0 and will generate savings of $ 5 , 0 0 0 the first

Remodeling an office will cost $28,000 and will generate savings of $5,000 the first year, $6,000 the second year, and $7,000 per year thereafter. How long will it take to recoup the initial cost of remodeling?

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