fin 343 bank is considering the establishment of a new branch office at the corner of Cresson Street and fifth Street. The savings associations economics department projects annual operating revenues of 1.6 million from fee income generated by service sales an annual branch operating expenses of $800,000. The cost of procuring the property is 1.75 million and branch construction will total an estimated 2.75 million, the facilities expected to last 20 years. If the savings bank has a minimum acceptable rate of return on its invested capital of 14%, will fin 343 likely proceed with this branch office project?

QHFITION 24