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homework help, will upvote Today, the renovation of Donald's restaurant has been completed. Donald calculates that the renovation and other related expenses total $36,000 on
homework help, will upvote
Today, the renovation of Donald's restaurant has been completed. Donald calculates that the renovation and other related expenses total $36,000 on the completion date (i.e. today). He believes that the renovation will bring in additional profit for his restaurant. Donald plans to sell his restaurant after 6 years. He would like to see an effective annual return of 20% on his investment (i.e. the renovation). a) What is the minimum additional level weekly profit (paid at the end of each week) that would need to be generated over the next 6 years for Donald to achieve his return of 20%? For the purposes of this part only, assume there are no other additional profits resulting from the renovation. (1 mark) Step by Step Solution
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