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Find the economic life on the following project. Show all your relevant calculations. Initial cost $15,000; O&M starts at $1,000/yr., increases $600/yr. Salvage value is

Find the economic life on the following project. Show all your relevant calculations. Initial cost $15,000; O&M starts at $1,000/yr., increases $600/yr. Salvage value is $0. Useful life 10 yrs., i = 9%.

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