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 ($)	-66,000	-46,000
Annual Cost ($)	-10,000	-15,000
Salvage Value ($)	10,000	24,000
Life (years)	6	3

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