Champion Bakers uses specialized ovens to bake its bread One oven costs $860,000 and lasts about 3 years before it needs to be replaced The annual operating cost per oven is $11,000 What is the equivalent annual cost of an oven if the required rate of return is 9 percent? 

Answer rating: 100% (QA)

Given Cost of oven C 860000 Annual operating cost O 11000 Require... View the full answer