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Business, 22.04.2020 18:30 gladysvergara

(b) A baker is considering expanding her business by adding an additional oven to her kitchen. The new oven would cost $700. The baker expects the new oven to bring in additional profits of $800. The baker can borrow at a nominal interest rate of 15% and the current inflation rate is 4%. Should she make the investment?

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(b) A baker is considering expanding her business by adding an additional oven to her kitchen. The n...

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