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Please show work and Explain steps Replacement Analysis (RAT2) Defender and Challenger have the same useful life of 5 years. MARR is 7%. When should

Please show work and Explain steps Replacement Analysis (RAT2)

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Defender and Challenger have the same useful life of 5 years. MARR is 7%. When should the Defender be replaced if the marginal costs are as following

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