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Elm City is considering a replacement for its police radio. The benefits and costs of the replacement are shown below. Purchase Cost: $8,300 Annual Savings:
Elm City is considering a replacement for its police radio. The benefits and costs of the replacement are shown below. Purchase Cost: $8,300 Annual Savings: $2,000 Life: 15 years What is the replacements benefit-cost ratio if the effective annual interest rate is 8%?
1.34
1.99
3.44
2.06
please show work! studying for a test:)
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