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The after-tax annual equivalent worth of retaining a defender over four years (physical life) or operating its challenger over six years (physical life) are as

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The after-tax annual equivalent worth of retaining a defender over four years (physical life) or operating its challenger over six years (physical life) are as follows: If you need the service of either machine for only the next eight years, what is the best replacement strategy? Assume a MARR of 12% and no improvements in technology in future challengers

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