Starbucks has developed a new drink and compiled the following production information.

	Production Cost	Promotion Cost	Sales Revenue
Year 1	32,000	-----	------
Year 2	32,000	64,000	64,000
Year 3	32,000	96,000	256,000
Year 4	32,000	32,000	128,000
Year 5	32,000	---	32,000

Should the product be marketed if the company requires a return of 16%?

Using a markup of 35% of cost, a store priced a clock at $8.91.

a. What was the cost of the clock?

b. What is the markup as a percent of selling price?

Please use TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions (if possible)