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A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost $256,501.00 today. The bookstore is going to
A local bookstore is considering adding a coffee shop to their store. Building the coffee shop will cost $256,501.00 today. The bookstore is going to try this project for five years. The bookstore wants a 11.00% return on their investment. What yearly cash flow must this project generate to break-even?
Answer Format: Currency: Round to: 2 decimal places.
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