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2. Consider the following estimates Alternative 1 Alternative 2 First cost -40,000 -65,000 Annual cost -20.000 -15.000 Salvage value 10,000 Life in years 3 4
2. Consider the following estimates
| Alternative 1 | Alternative 2 |
First cost | -40,000 | -65,000 |
Annual cost | -20.000 | -15.000 |
Salvage value | 10,000 |
|
Life in years | 3 | 4 |
|
|
|
Apply the present worth analysis to determine the best alternative.
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