Cotter Manufacturing is considering investing in new technology
which will reduce manufacturing costs in future years. There are
three possible types of technology called BX124R or BX125R.
Regardless of which technology is chosen (if chosen at all), the
initial cost will be $3,500,000. The life of either technology is
expected to be 5 years. The projected cost savings (cash flows)
from BX124R are listed as follows: Year 1: $1,500,000; Year 2:
$1,800,000; Year 3: $950,000; Year 4: $1,975,000; Year 5:...