How many years does it take to recover the capital cost


Problem

A factory reorganization is expected to save $40,000 per year. It will cost $225,000 at time 0. If the interest rate is 12%, how many years does it take to recover the capital cost?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How many years does it take to recover the capital cost
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