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A company is considering the purchase of a new airboat. A commercial gas-powered airboat will cost $125,000 and produce revenues of $55,000 per year for

A company is considering the purchase of a new airboat. A commercial gas-powered airboat will cost $125,000 and produce revenues of $55,000 per year for the next three years. The newly available propane-powered airboat lists for $180,000 and produce revenues of $70,000 for the next four years. Using a 9.5% cost of capital, which one should be purchased?

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