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When each project reached the end of its useful life, it would be sold for its salvage value and there would be no replacement. (a)
When each project reached the end of its useful life,
it would be sold for its salvage value and there would
be no replacement.
(a) Construct a choice table for interest rates from
0% to 100%.
(b) If 8% is the desired rate of return, which project
should be selected?
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