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Mom's Cookles, Inc, is considering the purchase of a new cookie oven. The original cost of the old oven was $46,000, it is now five

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Mom's Cookles, Inc, is considering the purchase of a new cookie oven. The original cost of the old oven was $46,000, it is now five years old, and it has a current market value of $21,500. The old oven is being depreciated over-a 10 -year life toward a zero estimated salvage value on a straight-fine basis, resulting in a current book value of $23,000 and an annual depreciation expense of $4,600 The old oven can be used for six more years but has no market value after its depreciable life is over Management is contemplating the purchase of a new oven whose cost is $25,000 and whose estimated salvage value is zero. Expected before-tax cash savings from the new oven are $3,000 a year over its life, you can use bonus depreciation on the oven, and the cost of capitat is to percent Assume a 21 percent tax rate What will the cash flows for this project be? (Note that the $46,000 cost of the old oven is depreciated over ten years at $4,600 per year. The half-year convention is not used for the old oven. Negative omounts should be indicated by o minus sign. Do not round intermediate colculations and round your onswers to 2 decimal ploces.)

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