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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