Consider the following alternatives:ABCInitial cost$100.00

Chapter , Problem 8-22

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Consider the following alternatives:ABCInitial cost$100.00 $150.00 $200.00Uniform annual 10.00 17.62 55.48benefitUseful life (years) Infinite 20 5AlternativesBandCare replaced at the end oftheir useful lives with identical replacements. Use aninfinite analysis period.(a)Construct a choice table for interest rates from0% to 100%.(b)At an 8% interest rate, which alternative is better?

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