Champion Bakers uses specialized ovens to bake its bread. One oven costs $870,000 and lasts...
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Accounting
Champion Bakers uses specialized ovens to bake its bread. One oven costs $870,000 and lasts about 3 years before it needs to be replaced. The annual operating cost per oven is $9,000. What is the equivalent annual cost of an oven if the required rate of return is 10 percent? (Round your answer to whole dollars)
$-340,511
$-360,431
$-358,840
$-363,721
$-353,821
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