Use the table for the question(s)below.
Consider the following mutually exclusive projects:
-The equivalent annual benefit of project B is closest to:
A)$5.05.
B)$5.75.
C)$3.45.
D)$3.40.

Question

Use the table for the question(s)below.
Consider the following mutually exclusive projects: 
-The equivalent annual benefit of project B is closest to:
A)$5.05. 
B)$5.75. 
C)$3.45. 
D)$3.40.

Quizplus · Accepted Answer

The equivalent annual benefit is calculated by dividing the total benefit of the project by the number of years over which the benefit is realized. The choice closest to the calculated value is $5.75.

Use the Table for the Question(s)below