Question
1) If we have a contract value of $23,219,903 and you estimated your net profit margin at 2.1%. However you neglected to consider the finance
1) If we have a contract value of $23,219,903 and you estimated your net profit margin at 2.1%. However you neglected to consider the finance charges associated with cash-flowing the project. The line of credit at 4% will cost you $62,578. What is your revised profit margin?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
