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Avignon Restaurant is considering the purchase of a $10,900 souffl maker. The souffl maker has an economic life of four years and will be fully
Avignon Restaurant is considering the purchase of a $10,900 souffl maker. The souffl maker has an economic life of four years and will be fully depreciated by the straight-line method. The machine will produce 2,450 souffls per year, with each costing $3.00 to make and priced at $5.70. Assume that the discount rate is 12 percent and the tax rate is 24 percent. What is the NPV of the project
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