Find how much can the company afford to spend now

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Reference no: EM13316178

Wheeling-Pittsburg steel is investigating whether it should replace some of its basic oxygen furnace equipment now or wait to do it later. The cost later (3 years from now) is estimated to be 1,700,000. How much can the company afford to spend now, if its minimum attractive rate of return is 1.5% per month?

Reference no: EM13316178

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