After twenty years, John Puller decided to retire and sell his business consulting firm for $12.5 million.
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After twenty years, John Puller decided to retire and sell his business consulting firm for $12.5 million. Since the company’s founding, profits have risen steadily at a rate of around 6 percent annually. Last year, the company generated after-tax profits of $250,000. At the current interest rate of 8 percent, is Puller’s asking price realistic?
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Related Book For
Managerial Economics: Tools For Analyzing Business Strategy
ISBN: 307174
1st Edition
Authors: Thomas J Webster
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