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Blossom Manufacturing, Inc., needs to purchase a new central air - conditioning system for a plant. There are two choices. The first system costs $

Blossom Manufacturing, Inc., needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $76,000 and is expected to last 10 years, and the second system costs $87,000 and is expected to last 15 years. Assume that the opportunity cost of capital is 10 percent. (Round answers to 2 decimal places, e.g.5,275.25.)
System 1
System 2
Equivalent annual cost $
$
Which air-conditioning system should Blossom purchase?
Blossom should purchase the
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