Question: Current Attempt in Progress Sheridan Manufacturing, Inc., needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system

Current Attempt in Progress Sheridan Manufacturing, Inc., needs to purchase a

Current Attempt in Progress Sheridan Manufacturing, Inc., needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $51,000 and is expected to last 10 years, and the second system costs $87,000 and is expected to last 15 years. Assume that the opportunity cost of capital is 10 percent. (Round answers to 2 decimal places, e.g. 5,275.25.) System 1 System 2 Equivalent annual cost $ $ Which air-conditioning system should Sheridan purchase? Sheridan should purchase the second system Save for Later Last saved 2 days ago. Attempts: 0 of 2 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes

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