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A 3. (25 points) Giving the following manually exclusive alternative, which one is preferable if the interest rate is 12% per year compounding monthly. Initial

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A 3. (25 points) Giving the following manually exclusive alternative, which one is preferable if the interest rate is 12% per year compounding monthly. Initial Cost $1000 $900 $1100 Annual Benefits $500 $450 $650 Annual cost $200 $220 $350 Salvage Value $50 $40 Useful life, in 4 years $48 3

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