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An entrepreneur is considering investing in a Bounce House business. The business rents space to kids and may be highly profitable. The entrepreneur wants his
An entrepreneur is considering investing in a Bounce House business. The business rents space to kids and may be highly profitable. The entrepreneur wants his cash back within 4.00 years. The business will cost $111,332.00 for his equity stake. The business expects yearly sales of $796,036.00. The after-tax margin on these sales is 11.00%. The entrepreneur will get 40.00% of the after-tax margin each year.
What is the payback for this project?
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