Question: 8-15 Three mutually exclusive projects are being 3 First cost Uniform annual 150 150 $1000 S2000 $3000 benefit Salvage value 1000 2700 5600 7 Useful

 8-15 Three mutually exclusive projects are being 3 First cost Uniform

8-15 Three mutually exclusive projects are being 3 First cost Uniform annual 150 150 $1000 S2000 $3000 benefit Salvage value 1000 2700 5600 7 Useful life, in years 6 When each project reached the end of its useful life, it would be sold for its salvage value and there would be no replacement. (a) Construct a choice table for interest rates from 0% to 100%. (b) If 8% is the desired rate of return, which project should be selected

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