Question: 2-26 Define the difference between a cash cost and a book cost. Is engineering economic analysis con- cerned with both types of cost? Give an

2-26 Define the difference between a "cash cost" and a "book cost." Is engineering economic analysis con- cerned with both types of cost? Give an example of each, and provide the context in which it is important. 2-27 In your own words, develop a statement of what the authors mean by "life-cycle costs." It is important for a firm to be aware of life-cycle costs. Can you explain why?

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