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Using mathematical approach of Incremental Rate of Refum analysis and assuming MARR of 7%, determine which one of the following alternatives is the best: Description

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Using mathematical approach of Incremental Rate of Refum analysis and assuming MARR of 7%, determine which one of the following alternatives is the best: Description Initial Cost ($) Uniform Annual Benefit ($) Useful Life-(Years) Alt. X 10,000 1,000 20 Alt. Y 20,000 3,000 20 Alt. Z 40,000 4,500 20 Alt. W 50,000 2,500 20

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