If a manufacturer of electronic devices invests$650,000 in

Chapter 7, Problem 7.7

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If a manufacturer of electronic devices invests$650,000 in equipment for making compact piezoelectricaccelerometers for general purpose vibrationmeasurement, estimate the rate of return fromrevenue of $225,000 per year for 10 years and$70,000 in salvage value from the used equipmentsale in year 10. Solve by (a) factors, and (b) spreadsheetfunction.

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