Specializes in precision metal fabrication-how much can, Financial Management

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Specializes in precision metal fabrication-how much can

Crow Corporal ion, a company that specializes in precision metal fabrication, is conducting a study to determine if it should update equipment now or later. If the cost 2 years from now is estimated to be $260000, how much can the company afford to spend now if its minimum attractive rate of return is 12% per year compounded monthly?

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