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Fred is considering the purchase of a lease that will allow him to operate a restaurant at the local airport for a period of 5
Fred is considering the purchase of a lease that will allow him to operate a restaurant at the local airport for a period of 5 years. The lease will cost $22,000 annually along with monthly estimated operation costs (wages, COGS, etc) of 9,000. Fred anticipates monthly revenues of $15,000. Calculate the PV of the expected profits of the investment?Assume i = 5.2%
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