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OpenStudy (anonymous):
Mc Millan Company manufactures electronic flow sensors that are designed as an alternative to ball and tube rotometers. The company recently spent $3,000,000 to increase the capacity of an existing production line. if the extra revenue generated by the expansion amounts to $200,000 per month, how long will it take for the company to recover its investment at an interest rate of 12%$ per year compounded monthly?
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