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Business, 30.11.2021 23:10 des264

A salad oil bottling plant can either buy caps for the glass bottles at 5 each or install $500,000 worth of plastic molding equipment and manufacture the caps at the plant. The manufacturing engineer estimates the material, labor, and other costs would be 3 per cap. (a) If 11 million caps per year are needed and the molding 857 A equipment is installed, what is the payback period

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