Three mutually exclusive projects are
Chapter , Problem 8-16(choose chapter or problem)
Three mutually exclusive projects are beingconsidered:ABCFirst cost $1000 $2000 $3000Uniform annual 150 150 0benefitSalvage value 1000 2700 5600Useful life, 5 6 7in yearsWhen each project reached the end of its useful life,it would be sold for its salvage value and there wouldbe no replacement.(a)Construct a choice table for interest rates from0% to 100%.(b)If 8% is the desired rate of return, which projectshould be selected?
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