2) The manager of a European company is considering a factory
renovation that will reduce carbon dioxide emissions by 400 tons
per year and cost 0,000. Without the renovation, each year
the company will have to buy emissions permits for 400 tons at
per ton.
(a) (1 pt) How much will the company have to spend on emissions permits
each year?
(b) (3 pts) What is the payback time for the factory renovation,
based on the savings in emissions permit purchases?

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