There are two mutually exclusive plans plan X requires and initial outlay of $3,000 and has an economic life of 3 years plan Y initially costs $5, 5000 and is expected to have a life of 5 years. If the salvage value in both to have a life of 5 years. If the salvage value in both cases is zero and the interest rate is 121, which plan should be selected? solve the problem by the EUAC method. What is the capitalized cost of $75,000 now, $60,000 five years from now, and an equivalent uniform annual cost of $700 per year 10 and every year thereafter if the interest rate is 8%