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Given economic service lives for both defender and challenger, and i = 15%. Find the most plausible/economical replacement strategy by considering the next 8

Given economic service lives for both defender and challenger, and i = 15%. Find the most plausible/economical replacement strategy by considering the next 8 years. 12 25% IV Annual Equivalent Cost ($) Defender 5,380 5.203 5.469 5.844 6.258 6,682 Challenger 7.700 6,184 5.756 5.625 5.631 5.721

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