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An oil company is to choose between two alternatives Machine X and Machine Y. Using the future worth analysis, at an annual interest rate of

An oil company is to choose between two alternatives Machine X and Machine Y. Using the future worth analysis, at an annual interest rate of 8%, set up the engineering economy equation based on FW analysis and identify the best alternative. GIVE A JUSTIFICATION FOR YOUR CHOICE. image text in transcribed

Machine X: in 1000 units, USD -30 Machine Y: in 1000 units, USD -23 1 3 initial cost salvage value annual maintenance cost service life -2.5 -4 rs 3yrs

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