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A cookie company wants to expand its retail operations. Based on a preliminary study, 10 cookie stores are feasible in various parts of the country.

A cookie company wants to expand its retail operations. Based on a preliminary study, 10 cookie stores are feasible in various parts of the country. Cash flows at each store are expected to be $150,000 in the first year and grow at 10% per year for the next 4 years. Each store requires an immediate investment of $500,000 to set up operations. Assuming a required rate of return of 8%, what is the NPV of each store? NPV S

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