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Business, 27.03.2020 01:25 ella3714

3. A library shelving system has a first cost of $18,000 and a useful life of 10 years. The annual maintenance is expected to be $3,000 (consider the maintenance cost in the last year too). The annual benefits to the library staff are expected to be $8,000. If the effective annual interest rate is 8%, what is the approximate benefit-cost ratio of the shelving system

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