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Total cost of group replacement is as follows. Replace after 3 years, total cost is $6,250. After 4 years total cost is $7,520 and after
Total cost of group replacement is as follows. Replace after 3 years, total cost is $6,250. After 4 years total cost is $7,520 and after 5 years total cost is $8,200. When should the group be replaced based on lowest annual cost per year?
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