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Determine the Future Worth (FW) of the following engineering project when the MARR is 15% per year. Is the project accpetable? Investment Costs: $10,000; Expected
Determine the Future Worth (FW) of the following engineering project when the MARR is 15% per year. Is the project accpetable? Investment Costs: $10,000; Expected life: 5 years; Market(salvage) value: -$1000; Annual receipts: $8,000; Annual expenses: $4,000. (Hint: A negative market value means that there is a net cost to dispose of an asset)
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