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Business, 28.01.2021 23:10 judyd452

A wind turbine engineering firm has both the experience and an undeveloped plan for a new and more efficient design. A manufacturer has offered to pay the firm $7,000,000 for a working prototype, with complete documentation, 5 years from today. The turbine design firm wants to earn 19% per year on its money. How much can the turbine design firm afford to invest, expressed as if its entire investment were to take place today

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