Question: A firm estimates that a facility will last about 5 years before a significant amount of investment is needed. The equipment's life is 12 years.

A firm estimates that a facility will last about 5 years before a significant amount of investment is needed. The equipment's life is 12 years. The company indicated that they wanted the project ot last 11 years. at that time they will review their options. what is the economic life of the project?

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