27. If you want to remodel your house: a. The house was bought with a cost of $175,000. b. The house remodel will cost $38,000. c. After the remodel, the expected house value could increase by 4% 1. What is the ROI % (.............) 2, Yes or no, based on ROI is this a good investment (.........)

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
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***Return on investment Question***
27. If you want to remodel your house:
a. The house was bought with a cost of $175,000.
b. The house remodel will cost $38,000.
с.
After the remodel, the expected house value could increase by 4%
1. What is the ROI % (...............)
2. Yes or no, based on ROI is this a good investment (...........)
Transcribed Image Text:****Only answer this question if you are sure about the correct answer **** ***Return on investment Question*** 27. If you want to remodel your house: a. The house was bought with a cost of $175,000. b. The house remodel will cost $38,000. с. After the remodel, the expected house value could increase by 4% 1. What is the ROI % (...............) 2. Yes or no, based on ROI is this a good investment (...........)
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