Question
Jessies MiniMart Grocery Store is considering adding 4 new SCO Machines. Each Machines purchase cost is $45,000 with an installation fee of $700 per machine.
Jessies MiniMart Grocery Store is considering adding 4 new SCO Machines. Each Machines purchase cost is $45,000 with an installation fee of $700 per machine. The useful life of these machines is 5 years. Jessie must take a $180,000 loan for these machines with an annual interest rate of 4.5% each year. Labor Costs per year are $100,000 for the four workers needed. Is this a worthwhile investment?
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
