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The following table shows two independent investment opportunities Initial Cost Annual Revenues Annual Costs Scrap Value Service Life Tool A Tool B $1,300,000 $1,700,000 $900,000
The following table shows two independent investment opportunities Initial Cost Annual Revenues Annual Costs Scrap Value Service Life Tool A Tool B $1,300,000 $1,700,000 $900,000 $700,000$700,000 $110,000 5 years $1,200,000 10 years Determine the machine to be purchased assuming an interest rate of 5% and an annual worth analysis
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