Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 30

During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 if the company will do the expansion now instead of 1 year from now. If the interest rate is 15% per year, how much of a discount is the company getting