Question: The Crockett Land Winery must replace its present grape - pressing equipment. The two alternatives are the Quik - Skwish and the StompMaster. The annual

The Crockett Land Winery must replace its present grape-pressing
equipment. The two alternatives are the Quik-Skwish and the StompMaster. The annual operating costs increase by 12% each year as the
machines age. If the interest rate is 9%, which press should be
chosen?

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