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You are considering the following Mutually Exclusive investments: Option A requires an initial investment of $13,000 and will cost $300 each year. This investment will
You are considering the following Mutually Exclusive investments: Option A requires an initial investment of $13,000 and will cost $300 each year. This investment will last forever. Option B requires an initial investment of $7000 and will cost $650 per year to run. The investment will last 30 years. Option C requires an initial investment of $3000 and will cost $1080 per year to run. The investment will last for 10 years. If the cost of capital for these projects is 12%, you should choose Option B. True False
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