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Your firm is contemplating the purchase of a new model commercial airplane which is more fuel efficient that the models your firm is currently flying.

Your firm is contemplating the purchase of a new model commercial airplane which is more fuel efficient that the models your firm is currently flying. On the basis of capital budgeting techniques that we have learned and used, thus far, what are the factors that you will consider in deciding whether or not to purchase and add the newer model planes to your fleet. Explain thoroughly.

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