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Why would alternatives be mutually exclusive? What are the steps when using IRR in deciding among mutually exclusive alternatives? Please explain the opportunity cost approach
- Why would alternatives be mutually exclusive? What are the steps when using IRR in deciding among mutually exclusive alternatives?
- Please explain the opportunity cost approach and cash flow approach? Please reference the differences between them.
- What is Capital Recovery? What is Salvage? What caution should you use when evaluating salvage value in your decisions?
- Please give examples and distinguish between functional obsolescence, technical obsolescence and economic obsolescence.
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