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1. Yudan is considering buying a refrigerator. A new model would lower her electricity bills from $1200 per year to $1000 per year, because her

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Yudan is considering buying a refrigerator. A new model would lower her electricity bills from $1200 per year to $1000 per year, because her current refrigerator is very inefficient. The refrigerator sells for $800nowand would last for 10 years. The interest rate is 6%. Determine the NPV of the refrigerator

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