a)
To determine: The type of ovens that need to be purchased using the present value method.
Introduction:
Present value (PV):
It is the value that is in present form of money in contrast to some future amount. This is achieved when it is invested in compound interest.
The NPV is the measurement of profit that is calculated by subtracting the present values of
b)
To determine: The assumptions made regarding the ovens.
c)
To determine: The assumptions made in the methodology that is followed.
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