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Can use Excel to solve. 2. I would like to start a business malting barley for microbreweries in Kentucky. The equipment will cost $10,000 and
Can use Excel to solve.
2. I would like to start a business malting barley for microbreweries in Kentucky. The equipment will cost $10,000 and will have a salvage value of $1,000 after 10 years of use. The project will be depreciated using the double declining balance method over 10 years. I will process 1,000 tons of barley per year, how much do I need to sell the malted barley for given these parameters: $50/ton (need 1,000 tons/yr) Barley cost $55,000/yr Utilities/labor $10,000/yr Supplies Assume a MARR of 12% and a tax rate of 25%Step by Step Solution
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