Green Veg Lid is considering opening a new shop. They could buy a suitable shop for f380,000.

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Green Veg Lid is considering opening a new shop. They could buy a suitable shop for f380,000. If they open the shop they could expect annual revenues from it of E210,000. Other a annual costs would be 190,000, including E20,000 of depreciation.

What is closest to the payback period for the shop?

Related Book For answer-question

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Posted Date: May 06, 2023 07:19 AM

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Green Veg Lid is considering opening a new shop. They could buy a suitable shop for f380,000.

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Expert Answer:

To calculate the payback period we need to determine how long it wi... View the full answer

Contemporary Financial Management

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