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QUESTION
The new system will last 10 years. The old system will also last that long but only if a $4,000 upgrade is done in 5 years. Required:
The new system will last 10 years. The old system will also last that long but only if a $4,000 upgrade is done in 5 years. Required: (a.) What is the City of Paranoya"s net present value for the decision described above?
