Question: The equivalent annual cost (EAC) method for evaluating projects applies when which of the following project characteristics exist? 1. The projects are mutually exclusive. II.

 The equivalent annual cost (EAC) method for evaluating projects applies when

The equivalent annual cost (EAC) method for evaluating projects applies when which of the following project characteristics exist? 1. The projects are mutually exclusive. II. The projects have different economic lives. III. The projects will be replaced more on less indefinitely Select one: a. ll and ill only b.land Ul.only OC. I, II, and I O d. lll only e. I and Il only

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