Galfar Industries is planning to modernize its production facility. The company has identified three different technologies which could help them meet this goal. The cash flows associated with these three technologies are summarized in Table 4. Initial Outlay (RO) | Annual Revenue Expected Project Life (RO) (in years) Technology 1 Technology 2 Technology 3 19000 3230 23000 3220 14 42000 6720 11 Table 4

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