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A construction company is planning to invest for the purchase of a heavy construction equipment which will be used at a construction site. There are

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A construction company is planning to invest for the purchase of a heavy construction equipment which will be used at a construction site. There are three feasible alternatives and the detailed cash flow of all the alternatives are presented in the table. Each alternative has the useful life of 8 years. If the company's MARR is 12% per year, use an appropriate rate of return method to determine which alternative, if any, the company should choose.

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