A company decides to invest in a technology

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A company decides to invest in a technology that costs $50,000. The technology, which has a life of 10 years, is expected to save the company $10,000 the first year. The benefits (savings) from the technology decreases by a fixed amount, G, each year. What is the maximum that G can be such that the company will invest in the technology given an interest rate of 8%.

Reference no: EM131003081

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