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Can anyone help me with this one? Thank you That's all the information I have posted on... Lisa Anderson wants to open a restaurant in
Can anyone help me with this one? Thank you
That's all the information I have posted on...
Lisa Anderson wants to open a restaurant in a historic building. The property can be leased for 20 years, but not purchased. She believes her restaurant can generate a net cash flow of $63,000 the first year and exbects an annual growth rate of 4 percent thereafter . If a discount rate of 17 percent is used to evaluate this business, what is the present value of the cash flows that it will generate? (Round factor values to 5 decimal places, e.g. 1.52145 and final answer to 2 decimal places, eg, 52.75.) Present value $ Step by Step Solution
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