How much the park could afford to spend on new technology

Reference no: EM131198896

kennywood amusement park spends $75,000 each year in consulting services for ride inspection and maintenance recommendations. new actuator element technology enables engineers to simulate complex computer- controlled movements in any direction. construct a cash flow diagram to determine how much the park could afford to spend now on the new technology, if the cost of annual consulting services will be reduced to $30,000 per year. assume the park uses an interest rate of 15% per year and it wants to recover its investment in 5 years.

Reference no: EM131198896

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