A proximity sensor attached to the tip of an
Chapter 3, Problem 3.3(choose chapter or problem)
A proximity sensor attached to the tip of an endoscopecould reduce risks during eye surgery byalerting surgeons to the location of critical retinaltissue. If an eye surgeon expects that by using thistechnology he may avoid lawsuits of $0.6 and$1.35 million 2 and 5 years from now, respectively,how much could he afford to spend now providedhis out-of-pocket costs for the lawsuits would beonly 10% of the total amount of each suit? Use aninterest rate of 10% per year.
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