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Assume that you are considering two mutually-exclusive projects that have different lives. The projects are all-cost projects (i.e., do not generate revenues or savings of

Assume that you are considering two mutually-exclusive projects that have different lives. The projects are all-cost projects (i.e., do not generate revenues or savings of cash but involve necessary equipment). One appropriate way to choose between the projects is to select the project with the lowest equivalent annual cost (EAC).

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