Question: You MUST give the answer in excel function. 4.25 Two processes can be used for producing a polymer that reduces friction loss in engines. Process

You MUST give the answer in excel function. 4.25 Two processes can

You MUST give the answer in excel function.

4.25 Two processes can be used for producing a polymer that reduces friction loss in engines. Process T will have a first cost of $700,000, an operating cost of $60,000 per year, and a salvage value of $80,000 after its 2 -year life. Process W will have a first cost of $1,350,000, an operating cost of $25,000 per year, and a $120,000 salvage value after its 4-year life. Process W will also require updating at the end of year 2 at a cost of $90,000. Which process should be selected on the basis of a present worth analysis at a MARR of 12% per year

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