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pass-time pool hall may buy 10 of the finest slate pool tables available. each table will cost 12000 and have an unknown residual value. pass-times

pass-time pool hall may buy 10 of the finest slate pool tables available. each table will cost 12000 and have an unknown residual value. pass-times management is certain that business will increase and that the hall will be able to host a number of tournamnets. the expected increase in revenue is 22,000 each year for the next 8 years. determine each tables residual value if the PW is to equal zero. the cost of money for pass-time is 10%

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