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Three mutually exclusive alternatives are being considered. A B Initial Investment $43,000 $24,000 $17,000 Annual net income 4,150 2,500 1,700 Rate of return 7.3% 8.3%

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Three mutually exclusive alternatives are being considered. A B Initial Investment $43,000 $24,000 $17,000 Annual net income 4,150 2,500 1,700 Rate of return 7.3% 8.3% 6.0% Each alternative has a 20-year useful life with no salvage value. a) Construct a choice table for interest rates from 0% to 100% b) If the minimum attractive rate of return is 7%, which alternative should be selected

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