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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 21
You own a small engineering consulting company. If you invest $200,000 of the company's money in a natural gas well that is expected to provide income of $29,000 per year, how long must the well produce at that rate in order to get the money back plus a rate of return of 10% per year
Explanation
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Given information:
• Investment is $200...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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