There are two choices for replacing a punch press. The basic model has a useful life of 8 years while the deluxe model has a useful life of 12 years.

There are two choices for replacing a punch press. The basic model has a useful life
of 8 years while the deluxe model has a useful life of 12 years.
The analysis period for this problem under the Annual Worth criterion is:
Answer
a. 24 years for both.
b. 4 years. for basic and 6 years for deluxe.
c. 8 years for basic and 12 years for deluxe.
d. 20 years.
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