One crane was bought with $126,000 and salvaged $27,000 after 8 years of life. During...
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One crane was bought with $126,000 and salvaged $27,000 after 8 years of life. During this period, for major service, the company spent $15,000 after 5 years. By renting the crane the company earned $25,000 every year. What is the benefit cost ratio if this investment if the interest rate is 9%? Is the invesment worth it?
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