Question: A doctor has worked as a general practitioner for several years, earning an annual salary of $150,000. They are now deciding whether they want to


A doctor has worked as a general practitioner for several years, earning an annual salary of $150,000. They are now deciding whether they want to open their own private practice or continue as a team member in the existing ofce. One- time start-up costs for the practice would be $100,000. If they open their own practice, they will receive a salary of $50,000 from the business annually until the practice is wellestablished. They anticipate the practice will take two years to become fully established. They paid $200,000 for medical school. They should open their own practice if the future benets exceed: 0 $300,000. 0 $200,000. 0 $500,000. 0 $400,000
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