Question: 12-11. What is a replacement chain? When and how should replacement chains be used in capital budgeting? 12-12. What is an equivalent annual annuity (EAA)?

12-11. What is a replacement chain? When and how should replacement chains be used in capital budgeting?

12-12. What is an equivalent annual annuity (EAA)? When and how are EAAs used in capital budgeting?

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