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Four mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and the sponsoring agency's MARR is 12 percent per year. Annual benefits to the public have been estimated by an advisory committee and are shown below. Use the IRR method (incrementally) to select the best jogging track. See table below.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9471699

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