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Question - The Aluminum Division of Metal Stampings has a $200,000 capital budget. Which project(s) should be selected if corporate headquarters has suggested a MARR of 15%? The following projects have been proposed. What is the MARR for the division?
Project
First Cost
Annual Benefit
Life (years)
Salvage Value
A
$100,000
$24,000
10
$20,000
B
100,000
26,500
7
0
C
20,000
20
10,000
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