Problem
kennywood amusement park spends $75,000 each year in consulting services for ride inspection and maintenance recommendations. New actuator element technology enables engineers to simulate complex computer- controlled movements in any direction. Construct a cash flow diagram to determine how much the park could afford to spend now on the new technology, if the cost of annual consulting services will be reduced to $30,000 per year. Assume the park uses an interest rate of 15% per year and it wants to recover its investment in 5 years.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.