Question
We are faced with two projects, Project A, which costs $1,000 a year for 5 years and Project B, which costs $4,000 at the start.
We are faced with two projects, Project A, which costs $1,000 a year for 5 years and Project B, which costs $4,000 at the start. These are the only costs. Which project is less costly if our time value of money is 12% ?
| A | |
| B | |
| Can't say because they are the same | |
| Neither |
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Management Information Systems Managing The Digital Firm
Authors: Kenneth C Laudon, Jane P Laudon
14th Edition
013389830X, 9780133898309
