3. You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $10,000 and will be posted for one year. You expect it will generate additional revenue of $1500 per month.

c) What is the payback period? [7.5marks]

a) What is the discounted payback period if the discount rate is 1% per month? [7.5marks

3. You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost S10,000 and will be posted for one year. You expect it will generate additional revenue of $1500 per month c What is the payback period? [7.5marks] a) What is the discounted payback period if the discount rate is 1% per month? 17.5marks]