Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jim has created a find a dinner partner app which is designed to find a dinner partner for business travelers. The app is expected to
Jim has created a "find a dinner partner app" which is designed to find a dinner partner for business travelers. The app is expected to generate $20,000 in the first year, $15,000 in the second and $10,000 in the third and zero thereafter. What is the value of the app if its investors require a 20% annual return? $225,000 $45,000 $32,870 $39,444
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started