Model PriceAnnualmaintenanceSalvageLife Tiger11,0001,0001,00010 yrs Turtle4,0001,50005 yrs 1. Calcul

Model PriceAnnualmaintenanceSalvageLife

Tiger11,0001,0001,00010 yrs

Turtle4,0001,50005 yrs

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1. Calculate the annual equivalent cost comparison between the two models if the interest rate is 9%.