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Using financial calculator 9. You decide to buy an ice cream cart to sell frozen desserts on Friday afternoons outside the Questrom building. The desserts
Using financial calculator
9. You decide to buy an ice cream cart to sell frozen desserts on Friday afternoons outside the Questrom building. The desserts will cost you $3.00 each and you plan to sell them for $5.00 each. The cart will cost you $10,000 and you expect to sell 300 desserts every Friday afternoon for the next year. Assuming that you buy the $10,000 cart today and that you operate the cart for 1 year (52 weeks), what is the NPV of your investment at a discount rate of 4% APR? A) $20,588 B) $20,573 C) $30,573 D) $42,228Step by Step Solution
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