Question: A concrete block production facility needs to replace their forklift. They took quotes from two different companies, as given below. Which company provides a more

A concrete block production facility needs to replace their forklift. They took quotes from two different companies, as given below. Which company provides a more affordable option? Parameter Company X Company Y Initial Cost ($) -66,000 -46,000 Annual Cost ($/year) -10,000 -15,000 Salvage Value ($) 10,000 24,000 Life (years) 6 3

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