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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A planned factory expansion project has an estimated initial cost of $800,000. Based on a discount rate of 20 percent, the present value of the future cost by Savings Explorer" href="http://sjc.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do#" class="c2">savings from the expansion is $843,000.
by Savings Explorer" href="http://sjc.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do#" class="c2">
Required:
To yield exactly a 20 percent return on investment, the actual investment expenditure should not exceed the $800,000 estimated cost by more than what amount?
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