Retainer 0 1 Expenses 2 Revenue N Years How much can you afford to spend on the first year expenses on a project with the above cash flow?, given; Your MARR is 10.00%, the client has given you a retainer of $5,700, annual revenues are expected to be $2,750, the external rate of return required for this project is 19.5% and the entire project will last 8 years. (Round your answer to the nearest penny)
Retainer 0 1 Expenses 2 Revenue N Years How much can you afford to spend on the first year expenses on a project with the above cash flow?, given; Your MARR is 10.00%, the client has given you a retainer of $5,700, annual revenues are expected to be $2,750, the external rate of return required for this project is 19.5% and the entire project will last 8 years. (Round your answer to the nearest penny)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Retainer
0
1
Expenses
2
Revenue
N
Years
How much can you afford to spend on the first year expenses on a project with the above cash
flow?, given;
Your MARR is 10.00%, the client has given you a retainer of $5,700, annual revenues are
expected to be $2,750, the external rate of return required for this project is 19.5% and the
entire project will last 8 years.
(Round your answer to the nearest penny)
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