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George is considering buying a small Rental Business on Point Robert. George has found a small Rental Business with a purchase price of $450,000. He
George is considering buying a small Rental Business on Point Robert. George has found a small Rental Business with a purchase price of $450,000. He will need to spend an additional $30,000 immediately for renovations and he plans to sell the business for $700,000 in 15 years. He estimates that his annual expenses will be $10,000 and he anticipates that his revenue will be $18,000per year. Assume revenue occurs at the end of each year and expenses occur at the beginning of each year. What is the initial cash flow CF0
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