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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: $6,300 Annual Savings:

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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: $6,300 Annual Savings: $2,500 Life: 15 years What is the replacement's benefit-cost ratio if the effective annual interest rate is 8%? O 4.78 3.33 O 3.40 O 1.34

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