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3. Two mutually exclusive engineering projects. A and B are being considered by Cane Manufacturing. Both projects have a life of 10 years. Estimated cash

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3. Two mutually exclusive engineering projects. A and B are being considered by Cane Manufacturing. Both projects have a life of 10 years. Estimated cash flows are shown below. The MARR is 15%. You have been hired to determine which of the two projects, if either, Cane Manufacturing should undertake. Perform your analysis using a Present Worth procedure. Initial Investment Annual Revenues Annual Costs Salvage Value $45.000 $12.500 $2.500 $1,500 $55,000 $14,000 $2,500 $4,000

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