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Artisan Breads uses specialized ovens to bake its products. One oven costs $351,600 and lasts 12 years before it needs to be replaced. The annual
Artisan Breads uses specialized ovens to bake its products. One oven costs $351,600 and lasts 12 years before it needs to be replaced. The annual operating cost per oven is $15,400. If the required rate of return is 15 percent, what is the equivalent annual cost of an oven? $91,340.88 $100,062.91 $82,618,85 $80,263,44
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