Inflation 19. A software companys labor requirements currently cost $350,000/year. The labor-hour requirements are expected to increase by 10 percent

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Inflation
19. A software companys labor requirements currently cost $350,000/year. The labor-hour requirements are expected to increase by 10 percent per year over the next 5 years. If ination is 4 percent, determine the labor costs after 5 years using
a. then-current dollars.
b. constant-worth dollars.

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