4-8 A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would eliminate the need for such inspection. If the interest rate is 8% per year, how much can the firm afford to spend on this new technology

$3,436,351.59

Explanation:

The computation of the amount that could be afforded to spend is shown below:

= Amount × (P/A, 8%, 20 years)

= $350,000 × 9.8181

= $3,436,351.59

We simply applied the above formula so that the correct value could come

And, the same is relevant too

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

b $274.07

step-by-step explanation:

you just devide 222 by 0.81