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Chapter 04, Problem 050 Octavia Bakery is planning to purchase one of two ovens. The expected cash flows for each oven are shown below. MARR

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Chapter 04, Problem 050 Octavia Bakery is planning to purchase one of two ovens. The expected cash flows for each oven are shown below. MARR is 10%/year. Model 127B Model 334A Initial Investment Estimated Life End of Life Salvage Annual Income Annual Expense $48,000 10 $10,500 $19,900 $9,900 $80,000 $0 $29,000 $6,600 Click here to access the TVM Factor Table calculator. Part a Step 1 Your answer is incorrect. Try again 10 What is the discounted payback period for Model 127B? ears Round entry to two decimal places. The tolerance is +0.02

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