4. Two pumps are being considered for purchase. If interest is 9% annually, which pump should be bought? Consider the salvage value as a cost, because it is part of the capital recovery cost.

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Chapter1: Making Economics Decisions
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4. Two pumps are being considered for purchase. If interest is 9%
annually, which pump should be bought? Consider the salvage value
as a cost, because it is part of the capital recovery cost.
Transcribed Image Text:4. Two pumps are being considered for purchase. If interest is 9% annually, which pump should be bought? Consider the salvage value as a cost, because it is part of the capital recovery cost.
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