Question: A local bookstore is considering adding a coffee shop to their store Building the coffee shop will cost $226,624.00 today The bookstore is going to
A local bookstore is considering adding a coffee shop to their store Building the coffee shop will cost $226,624.00 today The bookstore is going to try this project for five years. The bookstore wants a 12.00% return on their investment. What yearly cash flow must this project generate to break even? Submit Answer format: Currency. Round to: 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
