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Business, 16.02.2021 01:00 poppygirl193

Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is $76,000 per year. A clever industrial engineer found that by spending $19,000 now to reconfigure the production line and reprogram two of the robotic arms, the cost will go down to $53,000 next year and $48,000 in years 2 through 5. Using an interest rate of 13% per year, determine the present worth of the savings due to the reconfiguration.

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