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ed#lockdown c: Module 9-Ch... USCIS Account - O... Graded Connect HW I Chp 14 - Part 21 Capital Bu.... 0 n is exploring the possibility
ed#lockdown c: Module 9-Ch... USCIS Account - O... Graded Connect HW I Chp 14 - Part 21 Capital Bu.... 0 n is exploring the possibility of opening a self-service car wash and operating it for the next five years until he retires. He d the following information: in which a car wash could be installed is available under a five-year lease at a cost of $5,900 per month. and installation costs of equipment would total $320,000. In five years the equipment could be sold for about 9% of its ost. ment of an additional $9,000 would be required to cover working capital needs for cleaning supplies, change funds, and fter five years, this working capital would be released for investment elsewhere, sh and a vacuum service would be offered. Each customer would pay $112 for a wash and $.70 for access to a vacuum ariable costs associated with the operation would be 7.5 cents per wash for water and 10 cents per use of the vacuum for to rent, monthly costs of operation would be cleaning, $1,400, insurance, $75, and maintenance
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