Question: Below you will find a link to a spreadsheet that is a simple income statement for a small restaurant you had the opportunity to purchase

Below you will find a link to a spreadsheet that is a simple income statement for a small restaurant you had the opportunity to purchase in 2024. You have been offered the opportunity to purchase this restaurant for $180,000. The restaurant has been showing steady net income growth of 5% annually for the last several years and you assume this trend will continue during the time you own the restaurant. You believe after you have operated the restaurant for 10 years you will be able to sell it for $240,000. You have a cost of capital (discount rate) of 7%. Use the information that you have been given and what we have learned about conducting net present value analysis to decide if this is a good opportunity for you or not. Show all of your work and turn in a spreadsheet.

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