Question: Problem 6-6 (LO6.1) What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in

Problem 6-6 (LO6.1) What would be the net present value of

Problem 6-6 (LO6.1) What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home? Assume an average return on your savings of 4 percent for five 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 paces.) Net present valueT

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