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Two pumps are being considered for purchase. Assume that interest is 8%. Which pump should you select. Pump A Pump B Initial cost $ 8,000

Two pumps are being considered for purchase. Assume that interest is 8%. Which pump should you select. Pump A Pump B Initial cost $ 8,000 $ 5,000 End-of-useful life salvage 2000 1000 value Useful life, in years 12 6 O $956 O $596 O $946 $465

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