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ABC uses specialized ovens to bake its bread. One oven costs $210,000 and lasts about 6 years before it needs to be replaced. The annual
ABC uses specialized ovens to bake its bread. One oven costs $210,000 and lasts about 6 years before it needs to be replaced. The annual operating cost per oven is $25,000. What is the equivalent annual cost of an oven if the required rate of return is 9 percent?
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