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View Policies Current Attempt in Progress James Smith is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. James

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View Policies Current Attempt in Progress James Smith is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. James uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $70,000 $80,500 Annual cash flow $27,000 $29,000 Equipment overhaul in year 6 $4,500 Equipment overhaul in year 8 $5,500

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