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Please show in basic steps! In the Rawhide Company (a leather products distributor), decisions regarding approva of proposals for capital investment are based upon a

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In the Rawhide Company (a leather products distributor), decisions regarding approva of proposals for capital investment are based upon a stipulated MARR of 18% per year. The five packaging devices listed in the following table were compared, assuming a 10year life and zero market value for each at that time. Which one (if any) should be selected? Make any additional calculations that you think are needed to make a comparison, using the ERR method. Let %E=18%

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