The crockett land winery must replace its present, Business Economics

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The crockett land winery must replace its present

The Crockett Land Winery must replace its present grape-pressing equipment. The two alternatives are the Quik-Skwish and the Stomp-Master. The annual operating costs increase by 12% each year as the machines age. If the interest rate is 9%, which press should be chosen?

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