EAC Approach You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $57,000, has a 5-year
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EAC Approach You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $57,000, has a 5-year life, and has an annual OCF (after tax) of -$10,000 per year. The Keebler CookieMunster costs $90,000, has a 7-year life, and has an annual OCF (after tax) of -$8,000 per year. If your discount rate is 12 percent, what is each machine's EAC? (LG8)
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Authors: Marcia Cornett, Troy Adair, John Nofsinger
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