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Please answer ALL parts of the question. Thank you! Blossom's Hair Salon is considering opening a new location in French Lick, California. The cost of
Please answer ALL parts of the question. Thank you!
Blossom's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $286,000. A new salon will normally generate annual revenues of $68,500, with aninual expenses (including depreciation) of $41,200. At the end of 15 years, the salon will have a salvage value of $78,000. Calculate the annual rate of return on the project. Annual rate of return Step by Step Solution
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