MJ Consulting is doing a feasibility study on a new technological line to produce shoes. Experts identified three mutually exclusive alternatives. Information on all of them is presented in the following table:
If the price of a pair of shoes is $100, the annual interest rate is 7% and service life is 5 years for all alternatives, which one is the best?
Definitions:
White Yeoman Farmers
Independent and often self-sufficient farmers in the Southern United States who owned their own land and did not have enslaved people working for them.
Sharecroppers
Farmers who rent land for cultivation and pay a portion of their crops as rent, prevalent in the southern United States after the Civil War; typically involved exploitative agreements.
Plantation Owners
Individuals who owned large estates primarily in the Southern United States, where cash crops like cotton and tobacco were farmed by enslaved people.
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