Which one of these heat exchangers is a better


Which one of these heat exchangers is a better deal? One that costs 1 million dollars and lasts 2 years, one that costs 2 million dollars and lasts 3 years, or one that costs 5 million dollars and lasts 12 years? Assume that your companies internal rate of return is 20%.

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Financial Management: Which one of these heat exchangers is a better
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