ENGINEERING ECONOMY(LOOSELEAF)
ENGINEERING ECONOMY(LOOSELEAF)
8th Edition
ISBN: 9781260152814
Author: Blank
Publisher: MCG
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Chapter 2, Problem 19P
To determine

Calculate the present value.

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American Gas Products manufactures a device called a Can-Emitor that empties the contents of old aerosol cans in 2 to 3 seconds. This eliminates the need to dispose of the cans as hazardous waste. If a paint manufacturing company can save $90,000 per year in waste disposal costs, how much could the company afford to spend now on the Can-Emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?
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ENGINEERING ECONOMY(LOOSELEAF)

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