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A large amusement park is considering the development and installation of four new rides. The projected research, initial cost of construction, annual costs and rider-ship
A large amusement park is considering the development and installation of four new rides. The projected research, initial cost of construction, annual costs and rider-ship (demand/profits) arc quite different for each potential ride. The following table summarizes the economic aspects of the projects: Assume an interest rate of 12% and that the projects' lives will each be six years. Using present worth analysis, determine which product, if any, is the most desirable
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