Question: Four mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and
Four mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and the sponsoring agency's MARR is 12% per year. Annual benefits to the public have been estimated by an advisory committee and are shown below. Use the IRR method (incrementally) to select the best jogging track.
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