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Engineering Economy – Problem 2.55

A manufacturing company spent $30,000 on a new conveyor belt. If the conveyor belt resulted in cost savings of $4200 per year, the length of time it would take for the company to recover its investment at 8% per year is closest to:

(a) Less than 9 years
(b) 9 to 10 years
(c) 11 to 12 years
(d ) Over 12 years

Sample problems and notes are based on the following textbook: Engineering Economy 7th Edition

ISBN-13: 978-0073376301

ISBN-10: 0073376302

Edition: 7

Author: Leland BlankAnthony Tarquin 

Published Date: 2011

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