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How much the owner of a building would be justified in

How much the owner of a building would be justified in paying for a sprinkler system that will save $750 a year in insurance premiums if the system has to be replaced every 20 years and has a salvage value equal to 10% of its initial cost? Assume money is worth 7%. SHOW STEP BY STEP AND SHOW FORMULAS

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Microeconomics: How much the owner of a building would be justified in

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