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The Ham and Egg Restaurant is considering an investment in a new oven that has a cost of $60,000, with annual net cash flows of
The Ham and Egg Restaurant is considering an investment in a new oven that has a cost of $60,000, with annual net cash flows of $9,910 for 8 years. The required rate of return is 5%.
A. Compute the net present value of this investment. Round your present value factor to three decimal places and final answer to the nearest dollar.
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