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Manufacturing needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $66,000 and is expected to

Manufacturing needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $66,000 and is expected to last 10 years, and the second system costs $67,000 and is expected to last 15 years. Assume that the opportunity cost of capital is 10 percent. Which air-conditioning system should you purchase?

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