[CLO-6] A company XYZ with a capital investment-$80,000, and the projected yearly savings are tabled below "Plan A". The MARR is 10% per year. End of Year Plan A Plan B (5) Savings (5) Savings 20,000 1 20,000 2 25,000 X 3 25,000 4 10,000 X 5 15,000 15,000 10,000 6 10,000 The company decided to change the plan of saving from A to B to get a discounted payback period equal to 4, what is the minimum value of X to achieve that? X

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.