What is the expected cost in year

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Contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology

A firm has $500,000 per year to pay for replacing machinery over the next 5 years. What is the expected cost in Year 1 if the firm has projected that the machinery cost will increase by $15,000 per year? The interest rate is 10% per year

Reference no: EM131807611

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