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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

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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 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) $42,228

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