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Which one of the following condition is necessary to use equivalent annual annuity when copmaring multiple projects? A. Projects are mutually exclusive. B. Replacement chain

Which one of the following condition is necessary to use equivalent annual annuity when copmaring multiple projects?

A. Projects are mutually exclusive.

B. Replacement chain assumption.

C. Lives of the projects are different.

D. All of the above.

E. None of the above.

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