An amusement park spends 350000 each year in consulting

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An amusement park spends $350,000 each year in consulting servicesfor ride inspection. New actuator element technology enablesengineers to simulate complex computer-controlled movements in anydirection. How much could the amusement park afford to spend now onthe new technology if the annual consulting services will no longerbe needed? Assume the park uses an interest rate of 12% per yearand it wants to recover its investment in 4 years.

Reference no: EM13614069

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