Question
A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost $244,721.00 today. The bookstore is going to
A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost $244,721.00 today. The bookstore is going to try this project for five years. The bookstore wants a 10.00% return on their investment. What yearly cash flow must this project generate to break-even?
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
