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3. 7 a small building can be reroofed for 6000 with...

# Question: 7 a small building can be reroofed for 6000 with...

###### Question details

7. A small building can be reroofed for $6,000 with aluminum or$3,500 in asphalt shingles. The estimated lifecycles are 50 years and 15 years respectively. If the interest rate is 10%, which alternative is superior? (Hint: Find the equivalent uniform annual cost)