When comparing mutually exclusive alternatives that have different lives by the present worth method, it is necessary
Question:
When comparing mutually exclusive alternatives that have different lives by the present worth method, it is necessary to:
(a) Always compare them over a period equal to the life of the longer-lived alternative
(b) Always compare them over a time period of equal service
(c) Always compare them over a period equal to the life of the shorter-lived alternative
(d) Find the present worth over one life cycle of each alternative
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