Complex computer-controlled movements

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An amusement park spends $350,000 each year in consulting services for ride inspection. New actuator element technology enables engineers to simulate complex computer-controlled movements in any direction. How much could the amusement park afford to spend now on the new technology if the annual consulting services will no longer be needed? Assume the park uses an interest rate of 12% per year and it wants to recover its investment in 4 years.

Reference no: EM13257277

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