1. Business
  2. Finance
  3. please answer correctly this has been answered wrong twice the...

Question: please answer correctly this has been answered wrong twice the...

Question details

U.S. Steel is considering a plant expansion to produce austenitic, precipitation hardened, duplex, and martensitic stainless steel round bars that is expected to cost $12 million now and another $10 million 1 year from now. If total operating costs will be $1.4 million per year starting 1 year from now, and the estimated salvage value of the plant is virtually zero, how much must the company make annually in years 1 through 10 to recover its investment plus a return of 21% per year? The company must make $ year million annually in years 1 through 10 to recover its investment plus a return of 21% per

Please answer correctly. This has been answered wrong twice. The answer is not $4,356,000. Thank you.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution