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An oil company is looking at potential locations for a new oil rig. The following table shows the cash flows associated with operating the rig

An oil company is looking at potential locations for a new oil rig. The following table shows the
cash flows associated with operating the rig at three potential locations. Assuming that all three
locations will provide the same output and only looking at the operating cash flows provided,
determine the best location for the rig at 12% interest per year.
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