Bill plans to open a self-serve grooming center in a storefront. The grooming equipment will cost ($160,000.)
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Bill plans to open a self-serve grooming center in a storefront. The grooming equipment will cost \($160,000.\) Bill expects the after-tax cash inflows to be \($40,000\) annually for seven years, after which he plans to scrap the equipment and retire to the beaches of Jamaica.
Assume the required return is 15%. What is the project’s PI? Should it be accepted?
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