Question: need help What would be the net present value of a microwave oven that costs $166 and will save you $75 a year in time

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What would be the net present value of a microwave oven that costs $166 and will save you $75 a year in time and food away from home? Assume an average return on your savings of 5 percent for 6 years. (Hint: Calculate the present value of the annual savings, then subtract the cost of the microwave.) Use Exhibit 1-D. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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