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Question 23 (1 point) You have decided to add a delivery option to your restaurant. The new equipment and training will cost $48,000. You expect

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Question 23 (1 point) You have decided to add a delivery option to your restaurant. The new equipment and training will cost $48,000. You expect that the change will increase revenue by $15,000 per year and expenses by $5,000 per year. You plan to sell the delivery part of your business in 6 years for $30,000. Assume all cash outflows are paid at the beginning of the year and cash inflows are received at the end of the year. You are worried that with the proliferation of services like "Skip the Dishes" you may not be able to receive as much money when you sell the delivery portion of your business in 6 years. What is the lowest sale price that would still make this an acceptable project if your cost of capital is 8%? Your Answer: A Answer G OR 91 Question 20 (1 point) Manzarek Doors is going to invest in a new process that will result in levers not knobs on each door. The process will require an investment of $110,000 and will generate extra returns of $10,000 in the first year followed by annual returns of $15,000 each year after. What is the payback of the investment in years. Give at least two decimal places in your answer. Your Answer: Answer ion 21 (1 point) Saved O 91 O

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