[shifax7]

Will do. Thanks 🙂

[shifax7]

Hello,
In part (b), when calculating the equivalent annual costs of the machines, why is the present value of the cash flows divided by the cumulative discount factors rather than just by the number of years for each machine?

[shifax7]

Ah ok. Now i understand. Thanks.
And sorry, I thought I posted it in the Ask the tutor forum. Kinda new here.

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