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Maria is planning to open a new restaurant where she wants to sell pizza too. She needs an oven to cook pizzas. On the marketplace,

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Maria is planning to open a new restaurant where she wants to sell pizza too. She needs an oven to cook pizzas. On the marketplace, there are two alternative types of ovens. First type is expensive, but it has longer lifetime and requires less maintenance costs. Second type is quite cheap, but it has shorter lifetime and requires moderate maintenance costs. She is very confused and cannot decide which oven would be less costly. She remembers that you are taking FINC 341 and asks your help. Imagine she provides all numbers related to lifetimes, maintenance costs and initial costs. Explain how you would solve the problem. [Please note the question does not ask your advice but rather your approach to solve the problem] Maria is planning to open a new restaurant where she wants to sell pizza too. She needs an oven to cook pizzas. On the marketplace, there are two alternative types of ovens. First type is expensive, but it has longer lifetime and requires less maintenance costs. Second type is quite cheap, but it has shorter lifetime and requires moderate maintenance costs. She is very confused and cannot decide which oven would be less costly. She remembers that you are taking FINC 341 and asks your help. Imagine she provides all numbers related to lifetimes, maintenance costs and initial costs. Explain how you would solve the problem. [Please note the question does not ask your advice but rather your approach to solve the problem]

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