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Mom's Cookles; Inc, is considering the purchose of a new cookle oven. The original cost of the old oven was 547,000 , it is now

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Mom's Cookles; Inc, is considering the purchose of a new cookle oven. The original cost of the old oven was 547,000 , it is now five years old, and it has a current market value of $21,000. The old oven is being depreciated over a 10-year ife toward a zero estimated. salvoge value on a stroight-line basis, resulting in a current book value of $2,3,500 and an annual depreciation expense of $4,700, 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 purchose of a new oven whose cost is $27000 and whose estimoted salvage value is zero Expected before-tax cash savings from the new oven are $3,200 a year over its life, you can use bonus depreciotion on the oven and the cost of capital is 10 percent Assume a 21 percent tox rote What wat the cash flows for this project be? (Note that the $47,000 cost of the old oven is depreciated over ten years at $4,700 per year. The half-year convention is not used for the old oven. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places.)

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