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You've finally decided you've had enough of these classes - no more! After seeing all those TV shows like Masterchef, Hells Kitchen, etc., you've decided
You've finally decided you've had enough of these classes no more! After seeing all those TV shows like Masterchef, Hells Kitchen, etc., you've decided to take the plunge and open a fast food fusion Thai restaurant next door to Mr Taco across the street from CSUSM. Now you got from friends and family some capital but you also need to stay above water. After doing so late night guesstimates, you figure that it will cost you $ to start up with rent, deposits, equipment, salaries, chicken, basil, rice, etc., etc. for the first year, but you expect to make gross revenue of $$ and $ in the following years and net income of $$ and $ in those years. Your palms are sweaty, mom's green curry, should you do it
Fortunately, you've been awake for FIN and decide to look at it from a capital budgeting and project investment perspective and use the tools and relevant formulas you learned there. Describe the tools or "rules" apply it to this situation describe the pros and cons of each tool when they may be good and when they may be unreliable.
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