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Compare two laptops dell initial cost 500 useful life 10


Question: Compare two Laptops:

Dell: Initial Cost = $500. Useful Life = 10 years. No Salvage Value

HP: Initial Cost =$350. Annual Benefit = $100. Useful Life = 5 years. No Salvage Value.

What annual benefit must the Dell laptop provide so the IRR will meet an MARR of 9%?

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