Order the answer to: Johnson Thermal Products used austenitic…
| Question | Johnson Thermal Products used austenitic nickel-chromium alloys to manufacture resistance heating wire. The company is considering a new annealing-drawing process to reduce costs. If the new process will cost $3.7 million now, how much must be saved each year to recover the investment in 5 years if the company’s is a real 12% per year and the inflation rate is 3% per year? |
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| Subject | business economics |
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