Question: 9 8 - Civ - B 8 - May 2 0 1 2 Page 3 of 3 4 . Engineering Economics: An appraisal is being

98-Civ-B8- May 2012
Page 3 of 3
4. Engineering Economics:
An appraisal is being carried out for two alternative projects with the cash flows shown below. At what level of initial investment will Project A be as attractive as Project B? Use a discount rate of 10% per year.
\table[[,Project A,Project B],[Initial Investment,?,$80,000
9 8 - Civ - B 8 - May 2 0 1 2 Page 3 of 3 4 .

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