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Intro Joe Avery recently graduated from college and has an idea for a juice shop using only organic and locally-sourced ingredients. He has saved just
Intro Joe Avery recently graduated from college and has an idea for a juice shop using only organic and locally-sourced ingredients. He has saved just enough money to cover the initial investment required to open the shop, $56,000. Using his corporate finance training, he estimates that the free cash flow from the shop will be $14,000 per year, forever. Investments with similar risk deliver a rate of return of 10%. IB | Attempt 1/10 for 10 pts. Part 3 Fortunately, Joe's rich relatives are willing to provide him with enough capital to open another 6 shops after the first year if there is a lot of demand. What is the true NPV of the project? 0+ decimals Submit
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