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Breads uses specialized ovens to bake its bread. One oven costs $189,000 and lasts about 7 years before it needs to be replaced. The annual operating cost per oven is $23,800. What is the equivalent annual cost of an oven if the required rate of return is 11 percent? please SHOW all work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92102154

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