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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 23
Determine the payback period at an interest rate of 8% per year for an asset that initially cost $28,000, has a scrap value of $1500 whenever it is sold, and generates cash flow of $2900 per year.
b) If the asset will be in service for 12 years, should it be purchased
b) If the asset will be in service for 12 years, should it be purchased
Explanation
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Given information:
• Initial cost is $2...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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