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An engineer has received two bids for an elevator to be installed in a new building. 1. Given a 10% interest rate, which bid should
An engineer has received two bids for an elevator to be installed in a new building.
1. Given a 10% interest rate, which bid should he accept? Show work
| Alternative | Westinghome | itis |
| Installed cost | $45000 | $54000 |
| Annual cost | $2700 | $2850 |
| Salvage value | $3000 | $4500 |
| Life, in years | 10 years | 15 years |
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Essentials Of Corporate Financial Management
Authors: Glen Arnold
1st Edition
1405847042, 978-1405847049
