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O b) Sarah, on the other hand, plans to run the restaurant as-is for one year, and then sell it after 2 years. She has
O b) Sarah, on the other hand, plans to run the restaurant as-is for one year, and then sell it after 2 years. She has projected the following cash flows: The purchase price is $1.32 million, Paying $15,000 today in fees and taxes for the transaction, The restaurant is expected to generate $42054.754723255 at the end of each month for the following 2 years. Sarah expects to sell the restaurant after 2 years for $1.61 million. O Determine the effective monthly rate that Sarah would be earning on this investment. (1 mark)
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