#377 Amalgamated Iron and Steel purchased
Amalgamated Iron and Steel purchased - Business Statistics
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Amalgamated Iron and Steel purchased a new machine for ramcambering large I-beams. The company expects to bend 80 beams at $2000 per beam in each of the first 3 years, after which thecompany expects to bend 100 beams per year at $2500 per beamthrough year 8. If the company's minimum attractive rate of returnis 18% per year, what is the present worth of the expectedincome?
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