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An engineer has received two bids for an application to be installed. Given 8% interest rate, which bid should be accepted? Draw cash flow diagrams

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An engineer has received two bids for an application to be installed. Given 8% interest rate, which bid should be accepted? Draw cash flow diagrams (1pt) and show your work (3pts). Alternatives A B Installation cost $4,500 $8,000 Annual cost $270 $285 Salvage value $100 $200 Life, in years 3 6

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