Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are considering opening a bubble tea shop near the new campus and it would cost you $ 1 5 0 , 0 0 0

You are considering opening a bubble tea shop near the new campus and it would cost you $150,000 as an initial investment. After executing your target market study, SWOT and porter 5 forces, you came up with a business plan and expect cash flows as followed: Year 1: $25,000, Year 2: $35,000, Year 3: $45,000, Year 4: $60,000, Year
5: $60,000 What is the payback period of the investment?
Please enter your answer in 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sport Finance

Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello

4th Edition

1492559733, 978-1492559733

More Books

Students also viewed these Finance questions

Question

Why are you interested in our program?

Answered: 1 week ago

Question

Appreciate important legal implications of performance appraisals

Answered: 1 week ago