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3) A project requires an initial investment of $62,000, has a salvage value of $9,500 after nine years, incurs annual expenses of $6,000, and provides

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3) A project requires an initial investment of $62,000, has a salvage value of $9,500 after nine years, incurs annual expenses of $6,000, and provides an annual revenue of $16,000. Using a MARR of 9%, determine the AW of this project. Is this a good investment? (14 p.)

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