Question
A business is considering an investment alternative that has the following projected information: Upfront investment cost $60,000 Life of investment 10 years Minimum required rate
- A business is considering an investment alternative that has the following projected information:
Upfront investment cost $60,000
Life of investment 10 years
Minimum required rate of return 8%
Annual cash flows:
Cash revenues ?
Cash expenses $20,000
Determine the MINIMUM amount of annual revenues that must be generated by this investment in order to for it to be an acceptable investment using NPV.
Last response doesn't make any sense at all
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1118725786, 978-1118725788
