Lorraine can select from two nutrient injection systems for her cottage industry of hydroponic tomato and lettuce
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Lorraine can select from two nutrient injection systems for her cottage industry of hydroponic tomato and lettuce greenhouses.
(a) Use an AW relation to determine the minimum number of hours per year to operate the pumps that will justify the Auto Green system, if the MARR is 10% per year.
(b) Which pump is economically better if it operates 7 hours per day, 365 days peryear?
MARRMinimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...
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