How many years of service will be for company to recover


An immediate investment of $172 000 for new control equipment in a chemical plant is expected to realize annual savings of $35 330 for a company. If the cost of capital (annual cost of borrowing money by the company) is 10 percent, how many years of service will be for the company to recover its investment?

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Mechanical Engineering: How many years of service will be for company to recover
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