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Water supply for an irrigation system can be obtained from a stream in some nearby mountains. First is a concrete reservoir with a steel pipe

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Water supply for an irrigation system can be obtained from a stream in some nearby mountains. First is a concrete reservoir with a steel pipe system and the second is an earthen dam with a wooden aqueduct. Below are the costs associated with each. Compare the present worths of the two alternatives using an interest rate of 8 percent. Which alternative should be chosen

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