Assuming a useful life of 8 years for each design, no end-of-life market (salvage) value,...
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Assuming a useful life of 8 years for each design, no end-of-life market (salvage) value, and a desired before-tax MARR of 12% per year, determine which design should be selected based on the ERR method when the external reinvestment rate (E%) equals 14% per year.
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