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Compute the Equivalent Annual Worth of this alternative. The annual interest rate is 7%. The life of this alternative is 4 years. First cost: $93,000

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Compute the Equivalent Annual Worth of this alternative. The annual interest rate is 7%. The life of this alternative is 4 years. First cost: $93,000 Annual cost $7,000 Annual income: $19,000 Salvage value, $11,000 a. EAW=$3,148 b. EAW=$6,158 C. EAW =$12,97640 d. EAW=$13,636

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