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

Vegas Pizza Company is evaluating buying a new pizza baking oven with the following information: The new ovens 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 the initial investment of the new oven?

a. $70,000

b. $60,000

c. $77,000

d $67,000

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