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4. A Vietnamese restaurant is considering a makeover that will require a $95,000 investment up front, mainly for rebranding. The restaurant's new image will be
4. A Vietnamese restaurant is considering a makeover that will require a $95,000 investment up front, mainly for rebranding. The restaurant's new image will be "West Coast Asian Fusion. The new look should help the restaurant retain its customer base, and is also expected to modestly increase annual profits by about $5,000. Finally, the makeover should help to increase the expected sale price of restaurant to $100,000 when the owners retire six years from now and plan to sell the place. Demonstrate the IRR of the makeover project is 6%
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