Question: Suppose THE SCHOOL needs to purchase a new Central AC for the DINING Hall. There are two choices, the first system costs $50,000 and is

Suppose THE SCHOOL needs to purchase a new Central AC for the DINING Hall. There are two choices, the first system costs $50,000 and is expected to last 10 years, and the second system costs $72,000 and is expected to last 15 years. Assume that the opportunity cost of capital is 10 percent. Which air-conditioning system should THE SCHOOL purchase?

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