Anthony has wagon with worn out axle

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Reference no: EM131238749

Roof Problem:

Anthony has a wagon with a worn out axle. the axle can be replaced for $500 with a wooden axle that lasts 2 years, or replaced with an iron axle that lasts 3 years and cost $700.

Anthony's discount rate is 29%

What should Anthony do? Please show steps.

Reference no: EM131238749

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