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Project A has an initial cost of $30,000 and generates annual cash savings of $14,000 per year for three years. Project B has an upfront
Project A has an initial cost of $30,000 and generates annual cash savings of $14,000 per year for three years. Project B has an upfront cost of $45,000 but yields higher annual savings of $21,000 for year 1, $20,000 for year 2, and $19,000 for year 3. The projects are mutually exclusive. Calculate the cross-over rate for the two projects
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