A chemical engineer believes that by modifying the structure of a certain water treatment polymer, his company would earn an extra $5000 per year. At an interest rate of 10% per year, how much could the company afford to spend now to just break even over a 5 year project period? (A) $11,170 (B) 13,640 (C) $15,300 (D) $18,950

A chemical engineer believes that by modifying the structure of a certain water treatment polymer, his company would earn an extra $5000 per year. At an interest rate of 10% per year, how much could the company afford to spend now to just break even over a 5 year project period? (A) $11,170 (B) 13,640 (C) $15,300 (D) $18,950

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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