Final ExamEMSE 6410, Summer 20172Problem #1 (15%)A company with an effective income tax rate of 40 percent and an after-tax MARR of 12 percent must choose from two mutually exclusive projects:Alternative 1 Alternative 2Initial cost $11,000 $33,000Uniform annual net benefits $4,000 $9,000Depreciation method Straight line MACRSDepreciation life 3 years 3 yearsSalvage value $2,000 $0Useful life 5 years 5 yearsActual market value at end of useful lif
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20 Aug 2017