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Compute the Equivalent Annual Worth of this alternative. The annual interest rate is 8%. The life of this alternative is 4 years. First cost: $93,000

Compute the Equivalent Annual Worth of this alternative. The annual interest rate is 8%. The life of this alternative is 4 years. First cost: $93,000 Semiannual cost: $7,000 Semiannual income: $19,000 Salvage value: $11, OOO EAW = -$14, 636 EAW = -$617 EAW = $6, 158 EAW = -$3, 148

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