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The initial cost for an alternative is $3,000,000. Revenues are $500,000 at the end of the first year and decrease by $10,000 per year for

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The initial cost for an alternative is $3,000,000. Revenues are $500,000 at the end of the first year and decrease by $10,000 per year for the next 14 years. The useful life is 15 years. The MARR is 18%. Use future worth to determine if this is a good alternative or a bad alternative. Calculate future worth directly; do not calculate future worth by calculating present worth or annual worth first. Answer in a complete sentence and justify your answer (how do you know it is good or bad?)

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