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A janitorial services firm is considering two brands of industrial vacuum cleaner to equip their staff.Option A will cost $1500,will require servicing of $200 per year,and last five years.Option B will cost $1000,require servicing of $100 per year,and last three years.If the cost of capital is 8%,which is the better option,given that the firm has an ongoing requirement for vacuum cleaners?
Survivorship Curve
A graphical representation that shows the proportion or number of individuals surviving at each age for a given species or group.
Type II
Often associated with diabetes, referring to a condition characterized by insulin resistance and often requiring alternative methods of insulin introduction to maintain blood sugar levels.
Reproductive Years
The period in a human's life, typically from puberty to menopause, during which they are biologically capable of producing offspring.
Growth Curve
A graphical representation that shows the growth of a species or population over time, often displaying phases such as lag, exponential, stationary, and death.
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