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A company is considering investing in one of two projects. The data on each are given subsequently. First cost Salvage value Life, years Annual operating&

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A company is considering investing in one of two projects. The data on each are given subsequently. First cost Salvage value Life, years Annual operating& maintenance costs Process M $50,000 10,000 Process R $120,000 $18,000 10 $13,000 $15,000 Increase in costs (2-10) S500/yr $55,000 Annual revenues 39,000 If the MARR is 12%, which project should be selected using: (a) Present worth comparison

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