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The owners of the Nona Brick Oven are considering an investment in a conveyor oven...

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Accounting

The owners of the Nona Brick Oven are considering an investment in a conveyor oven costing $10,493. The oven is expected to last for 15 years and would need an upgrade costing $3,500 in year 7. The owners assumed that items baked in the oven would add $350 per month in additional net cash flows. Calculate the net present value of the investment using a target rate of return of 10%.

  • $32,570.10

  • $1,743.10

  • $20,334.00

  • $30,827.00

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