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The required investment cost of a new, large shopping center is $47 million. The salvage value of the project is estimated to be $20 million
The required investment cost of a new, large shopping center is $47 million. The salvage value of the project is estimated to be $20 million (the value of the land). The project's life is 13 years and the annual operating expenses are estimated to be $13 million. The MARR for such projects is 12% per year. What must the minimum annual revenue be to make the shopping center a worthwhile venture
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