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12 What would be the net present value of a microwave oven that costs $244 and will save you $77 a year in time

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12 What would be the net present value of a microwave oven that costs $244 and will save you $77 a year in time and food away from home? Assume an average return on your savings of 8 percent for five years. (Exhibit 1-A Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and answer to 2 decimal places. > Answer is complete but not entirely correct. Net present value $ 31.21 X 13

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