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3. The information of two projects is given as follows; Project A B First Cost 22,000 19000 Annual Operation Cost 4,800 3,500 Salvage Value 2.500

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3. The information of two projects is given as follows; Project A B First Cost 22,000 19000 Annual Operation Cost 4,800 3,500 Salvage Value 2.500 1,500 Life, Years 4 6 Using MARR 15% per year, determine which project should be selected on the basis of a future-worth analysis. (20 mins)

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