Maker of microelectromechanical systems

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Sensotech, Inc., a maker of microelectromechanical systems, believes it can reduce product recalls by 10% if it purchases new software for detecting faulty parts. The cost of the new software is $325,000. Identify the engineering economic symbols involved and the values for the symbols that are given in determining how much the company would have to save each year to recover its investment in 4 years at a minimum attractive rate of return of 15% per year.

Reference no: EM131238801

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