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Question 3 4 pts A contracting firm is considering two brands of industrial miter saws to equip their field carpenters. Option A will cost $2,000,

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Question 3 4 pts A contracting firm is considering two brands of industrial miter saws to equip their field carpenters. Option A will cost $2,000, require servicing of $250 per year, and it will last five years. Option B will cost $1,500, require servicing of $175 per year, and it will last three years. If the cost of capital is 8%, which is the better option, given that the firm has an ongoing requirement for industrial miter saws? Hint: This is an expense, not an income. o Option A, since it has a greater equivalent annual annuity. Option A since it has a lower equivalent annual annuity. Option B, since it has a lower equivalent annual annuity. Option B. since it has a greater equivalent annual annuity, Previous

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