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2. (2.5 points) The management of an electronics manufacturing firm believes it is desirable to automate its production facility. The automated equipment would have a

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2. (2.5 points) The management of an electronics manufacturing firm believes it is desirable to automate its production facility. The automated equipment would have a 10-year life with no salvage value at the end of 10 years. The plant engineering department has surveyed the plant and has suggested there are eight mutually exclusive alternatives. Plan Net Annual Benefit (thousands) Initial Cost (thousands) $265 220 180 100 covou AWN- 305 130 245 165 If the firm expects a 8% rate of return, which plan, if any, should it adopt

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