Question: Please solve not using excel. Not able to use it on this assignment. Thank you. 0+Video Solution Octavia Bakery is planning to purchase one of

Please solve not using excel. Not able to use it on this assignment.
Thank you.
0+Video Solution Octavia Bakery is planning to purchase one of two ovens. The expected cash flows for each oven are shown below. MARR is 8 percent/ year Model 127B Model 334A $50,000 $80,000 Initial Investment Estimated Life End of Life Salvage Annual Income Annual Expense 10 $0 $10,000 $19,400 $10,000 $26,000 $6,000 a. What is the discounted payback period for each investment? b. Which oven should Octavia Bakery purchase if they wish to minimize the DPBP
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