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A green algae, Chlamydomonas reinhardtii, can produce hydrogen when temporarily deprived of sulfur for up to 2 days at a time. A small company needs to purchase equipment costing $3.4 million to commercialize the process. If the company wants to earn a rate of return of 20% per year and recover its investments in 8 years, what must be the net value of the hydrogen produced each year?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M939390

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