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Please solve on excel using finance formula and formula text so we know which one to use 2) Fort Street Bakery is considering buying a
Please solve on excel using finance formula and formula text so we know which one to use
2) Fort Street Bakery is considering buying a new oven. The over cost $45,000 and is expected to generate cash flows of $25,000 each year for 10 years. Assuming a 7% discount rate/hurdle rate calculate the net present value of the project, the internal rate of return of the project and the payback period of the project. Based on your calculations should the project be accepted or rejected? State whyStep by Step Solution
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