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Two pieces of construction equipment are being analyzed with the following payments and receipts. Based on an 8% interest rate, which equipment should be selected
Two pieces of construction equipment are being analyzed with the following payments and receipts. Based on an 8% interest rate, which equipment should be selected on the Present Worth basis? Note that the + and - signs represent receipt (or income) and payment (or spending), respectively:
present all your calculations, and a brief cash flow diagram and shorthand notation;
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