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Cost of elevator X is Rs. 20,00,000 with an annual operating and maintenance (O&M) cost of Rs. 30,000, whereas cost of elevator Y is Rs, 25,00,000 with an annual O&M cost of Rs. 20,000. If both elevator have equivalent service conditions and the service life of both is 20 years, as per present wroth analysis which elevator should be installed?
Elevator X
Elevator Y
Either elevator X or Y as both are equivalent
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