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Problem 12: The owner of a bakery, is considering the purchase of a new oven that costs $7,700. Assume a required rate of return of

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Problem 12: The owner of a bakery, is considering the purchase of a new oven that costs $7,700. Assume a required rate of return of 13.25% and the following cash flow schedule. Find the project's NPV, IRR, MIRR, PP, DPP and PI and analyze them. Bakery's Cash Flow Schedule Year 1: $1,500 Year 2: $2,300 Year 3: $1,550 Year 4: $1,950 Year 5: $1,100 Year 6: $3,770

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