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Jenkins Security has learned that a rival has offered to supply a parking garage with...

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Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for 45 000 up front and a further 15 000 per year If Jenkins Security offers to provide security for eight years for an upfront cost of 70 000 and a separate yearly payment what is the maximum that this yearly payment can be so that Jenkins offer matches the equivalent annual annuity of their rival s offer Assume a cost of capital of 5 8 658

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