How much would the owner of a building be justified, Microeconomics

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How much would the owner of a building be justified

Problem

How much would the owner of a building 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%.

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 much would the owner of a building be justified

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