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P22-17 (similar to) Question Help You own a wholesale plumbing supply store. The store currently generates revenues of $1.01 milion per year. Next year, revenues

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P22-17 (similar to) Question Help You own a wholesale plumbing supply store. The store currently generates revenues of $1.01 milion per year. Next year, revenues will either decrease by 9.5% or increase by 4.8%, with equal probability, and then stay at that level as long as you operate the store. You own the store outright. Other costs run $890,000 per year. There are no costs to shutting down in that case you can always sell the store for $410,000. What is the business worth today if the cost of capital is fixed at 9.7%? (Hint: Make sure to round all intermediate clations to last four decimal places) What is the business word today the cost of capital is fixed at 9.7%? Today the business is worn Round to the nearest dolar) Enter your answer in the word dick Cherowe All parts showing CA Check Anger

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