Question: 8-15 Consider four mutually exclusive alterna- tives, each having an eight-year useful life First cost Uniform annual $1,000 $80O $600 $500 122 122 120 97

 8-15 Consider four mutually exclusive alterna- tives, each having an eight-year

8-15 Consider four mutually exclusive alterna- tives, each having an eight-year useful life First cost Uniform annual $1,000 $80O $600 $500 122 122 120 97 benefit Salvage value 750500 500 (a) Construct a choice table for interest rates from 0% to 100% (b) If the minimum attractive rate of return is 896, which alternative should be se lected

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