Question: Please Provide Detailed Working Step by Step Solution Provided in the Answer A proposed naval ship has these projected figures: First cost $85 million, annual

Please Provide Detailed Working Step by Step Solution Provided in the Answer

A proposed naval ship has these projected figures: First cost $85 million, annual costs of operation for the first 10 years $7 million for second 10 years $8 million. resale value after 20 years is $12 million. Target interest rate is 13%. Find LCC and AAC. (LCC = $134.731 M. AAC = $6.737M)

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