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4. Consider the following alternatives: Initial cost Life A $300000 5 years B $400000 7 years $700000 13 yeas Each alternative has no salvage value.

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4. Consider the following alternatives: Initial cost Life A $300000 5 years B $400000 7 years $700000 13 yeas Each alternative has no salvage value. (a) Construct a choice table for interest rates from 0% to 100%. (5 pts) (b) If the MARR is 8%, which alternative should be selected? (5 pts)

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