Question: A Sonic drive in restaurant is considering extending its canopy to add 10 extra drive in parking spaces. The cost is projected to be $40,000.

A Sonic drive in restaurant is considering extending its canopy to add 10 extra drive in parking spaces. The cost is projected to be $40,000. If their MARR is 20%, how much additional net income do they need each year for the next 6 years to justify the addition?

1-Draw the cash flow diagram, 2-complete the chart as shown below, and solve the problem in a excel spreadsheet .

Prob	Rate	Nper	pmt	pv	fv	Solve for	Answer

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