2. A machine to sell ice-cream is available in the market for $20000. You could sell ice creams for $3 per cone, and you estimate to be able to sell 47 cones per day if renting a place in the local mall. You can operate only 320 days per year after considering vacations and holidays. The monthly renting fee in the local mall is $1300 and you can hire 2 employees to take care of the ice cream stand, each with a monthly salary of $800. Material and other costs are $ 14000 per year. If your MARR is 20% and you are planning to retire in 10 years, answer the following questions: a) ) Write the equation to evaluate this project when using Present Worth Method

2. A machine to sell ice-cream is available in the market for $20000. You could sell ice creams for $3 per cone, and you estimate to be able to sell 47 cones per day if renting a place in the local mall. You can operate only 320 days per year after considering vacations and holidays. The monthly renting fee in the local mall is $1300 and you can hire 2 employees to take care of the ice cream stand, each with a monthly salary of $800. Material and other costs are $ 14000 per year. If your MARR is 20% and you are planning to retire in 10 years, answer the following questions: a) ) Write the equation to evaluate this project when using Present Worth Method

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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