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2 - 4 Spreadsheet Problem: EAC Approach You are evaluating two different cookie - baking ovens. The Pillsbury 7 0 7 costs $ 5 7

2-4 Spreadsheet Problem: EAC Approach You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $57,000, has a five-year life, and has an annual OCF (after tax) of -$10,000 per year. The Keebler CookieMunster costs $90,000, has a seven-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? ( LU LG12-8)
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