Which of the two locations would have been more profitable? Show your calculations.
 

Exhibit 3 Comparison of Locations Great Eastem Building (downtown) Exploits Valley Mall Size 2,000 sq. ft. 800 sq. ft. 5 yr. $20 sq. ft. 3 y. $23 sq. ft. I yr. $25 sq. ft. Rent $5.40 sq. ft., I yr renewable Labour $5.00 per hour $5.00 per hour 9:30 - 5:30 Mon, Tues, Sat2 9:30 - 9:00 Wed, Thur,Fri Christmas open till 9:30 Mon - Fri Hours Set own hours Usual 9:00 - 5:30 Nov. 15 - Dec. 25 (approx. 8 weeks) First & Last Month Downpayment (rent) First & Last Month Forecast Sales $100,000 - $120,000 $120,000 - $150,000 I Including joint costs 2 All mall stores must observe mall hours