American Gas Products manufactures a devicecalled a

Chapter 2, Problem 2.19

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American Gas Products manufactures a devicecalled a Can-Emitor that empties the contents ofold aerosol cans in 2 to 3 seconds. This eliminatesthe need to dispose of the cans as hazardous waste.If a paint manufacturing company can save$90,000 per year in waste disposal costs, howmuch could the company afford to spend now onthe Can-Emitor if it wants to recover its investmentin 3 years at an interest rate of 20% per year?

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