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Q-1 Dave Construction Inc. needs additional Crushing Equipment the following Data are Available. A minimum attractive rate of return of 10% the three Options are

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Q-1 Dave Construction Inc. needs additional Crushing Equipment the following Data are Available. A minimum attractive rate of return of 10% the three Options are being considered. Alternative Initial Cost Annual Profit Useful life Option-1 $1,700 $1,000 2 Years Option-2 $2,100 $1,000 3 Years Option-3 $3,700 $1,000 6 Years Explain in detail your work; Set up, Formula, Calculation, and recommendation. a) Determine how many years for payback for each Alternative Option? b) Determine Future worth Analysis for each Alternative-Option? c) Which Alternative-Option; would you are recommending and Why

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