Question
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $10,000 and
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $10,000 and will be posted for one year. You expect it will generate additional revenue of $1500 per month. a) What is the payback period? b) What is the discounted payback period if the discount rate is 1% per month?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
