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Help with steps 13. The owner of a corner lot is trying to decide between two alternate uses for the land. His options are: Fast

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13. The owner of a corner lot is trying to decide between two alternate uses for the land. His options are: Fast food rest Gas station Initial cost $800,000 $1,100,000 Y1 net benefit $150,000 $190,000 Y2 net benefit $150,000 $225,000 Y3 to Y10 $150,000 $275,000 The salvage value for both options is 0 at the end of 10 years. The owner has an MARR of 15% for all projects. Using IRR analysis, which project would you recommend

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