Elm City is considering a replacement for its police radio. The benefits and costs of the replacement

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Elm City is considering a replacement for its police radio. The benefits and costs of the replacement are shown below. What is the replacement's benefit/cost ratio if the effective annual interest rate is 8 percent?

Purchase Cost: $\$ 7,000$

Annual Savings: $\$ 1,500$
Life: 15 years

a. 3.21

b. 1.83

c. 1.76

d. 1.34

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Apr 02, 2024 03:56 AM

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Elm City is considering a replacement for its police radio. The benefits and costs of the replacement

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Principles Of Engineering Economic Analysis

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