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QUESTION 7 Ten years ago, an investor purchased a project for $265,000 .He anticipated a salvage value of $50,000 after 10 years. During this time,

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QUESTION 7 Ten years ago, an investor purchased a project for $265,000 .He anticipated a salvage value of $50,000 after 10 years. During this time, his average annual revenue totaled $52,000. (a) Did he recover his investment and a 12% per year return? Assume the annual M&O cost was $10,000 the first year and increased by a constant $1000 per year. The recovery cost is closest to: O A-44251 OB.-44151 O C.-44351 O D.-44051

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