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Cat Bakers uses specialized ovens to bake its cookies. One oven costs $689,000 and last about 4 years before it needs to be replaced. The annual operating cost per oven is $41,000. Assuming a required rate of return of 13%, calculate the equivalent annual cost. (Round to a whole number, and enter a negative value to represent cost)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92384196

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