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It is important to analyze significantly unequal project lives using either the equivalent annuity approach ( EAA ) or the replacement chain approach ( RCA

It is important to analyze significantly unequal project lives using either the equivalent annuity approach $($ EAA $)$ or the replacement chain approach $($ RCA $)$ if the projects are

mutually exclusive and repeatable

mutually exclusive with a high probability of repetition

independent

independent and repeatable

mutually exclusive

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