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Vegas Pizza Company is evaluating buying a new pizza baking oven with the following information: The new oven's base price = $60,000 The modification cost

Vegas Pizza Company is evaluating buying a new pizza baking oven with the following information:

The new oven's base price = $60,000

The modification cost = $5,000

Shipping cost = $2,000

Increase of net working capital with the new oven = $10,000

What is theinitial investmentof the new oven?

answer choices:

$60,000

$67,000

$77,000

$70,000

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