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The owner of a hair saicn spends $1,000,000 to renovate its premises, estimating that this will increase her cash Bow by $220,000 per year. $he

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The owner of a hair saicn spends $1,000,000 to renovate its premises, estimating that this will increase her cash Bow by $220,000 per year. \$he oonstructs the above graph, which shows the net present value (NPV) as a function of the discount rate. At what discount rate does her decision to renovate becoene untenable? Use the information for the question(s) below. A. 3.0% B. 4.8% C. 4.0% D. 3.3%

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