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Given the financial data in the table below for two mutually exclusive alternatives, determine the value X for the two alternatives to be equally attractive.

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Given the financial data in the table below for two mutually exclusive alternatives, determine the value X for the two alternatives to be equally attractive. Use an interest rate of 12% per year. P Q Initial cost $2,500 $4,000 Annual benefit 400 600 Life 5 5 X

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