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Question 6 0 out of 5 points Expo Restaurant is considering the purchase of a $4,500,000 flat top grill. The grill has an economic life
Question 6 0 out of 5 points Expo Restaurant is considering the purchase of a $4,500,000 flat top grill. The grill has an economic life of 6 years and will be fully depreciated using the straight-line method. The grill is expected to produce 250,000 tacos per year for the next 6 years, with each costing $2 to make and priced at $6. Assume the discount rate is 7% and the tax rate is 21%. The restaurant expects the market value of the grill to be $600,000, 6 years from now. Calculate the net present value for the project. (Round to 2 decimals)
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