How long will you have to maintain a business that has an income of $5000 per year

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How long will you have to maintain a business that has an income of $5000 per year and expenses of $1500 per year if your initial investment was $28,000 and your MARR is 10% per year?

(a) Less than 6 years

(b) 8 years

(c) 12 years

(d) 17 years


MARR
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...
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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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