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Salvage value: You are involved with a project that is expected to last 50 years and have a salvage value of $10 million. A consultant
Salvage value: You are involved with a project that is expected to last 50 years and have a salvage value of $10 million. A consultant has advised your company that an expenditure of only $100,000 at the end of every 5 years will double the salvage value. Your company generally uses a (minimally acceptable rate of return) MARR of 15%do you buy the consultants recommendation?
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