7. An unavoidable cost may be met by outlays of $4,000 now and $1,500 at...
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Accounting
7. An unavoidable cost may be met by outlays of $4,000 now and $1,500 at the end of every six months for five years (Alternative 1) or by making monthly payments of $225 for nine years (Alternative 2). Interest is 11% compounded quarterly. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow criterion
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