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Jennifer Davis is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers.
Jennifer Davis is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers. A local florist is retiring and selling her small flower shop to Jennifer for $146250. The shop has a remaining life of 20 years. Jennifer expects to have incremental revenues of $73125 per year and pay approximately 60% of revenues in operating costs. What is the payback period for Jennifer's flower shop? O 3.33 years O 2.00 years O 6.67 years O 5.00 years
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