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What will be the service life of the new equipment

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Question - Conventional agricultural equipment has a service life of 6 years. Newly designed equipment is 50% costlier than the conventional one but has more advantages. The operating costs of both this equipment are almost same and salvage value is negligible. What will be the service life of the new equipment that makes its costs comparable to that of the conventional one at i=10%?

Reference no: EM132543514

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