Question: Please answer! No work is needed, just final CORRECT answer. A savvy business owner who owns several chicken franchises is seeking to add another store

 Please answer! No work is needed, just final CORRECT answer. A

Please answer! No work is needed, just final CORRECT answer.

A savvy business owner who owns several chicken franchises is seeking to add another store to his portfolio of stores. He wants to buy a store in the Memphis market at a cost of $8.00 million. However, the owner will sell the store to him, BUT he also has to buy a second store in the Oxford market at a cost of $6.00 million as part of the deal. The Memphis store is doing well, but the Oxford store has cash flow issues. The business owner will have to buy BOTH stores or NONE at all. The owner has a discount rate of 9.00%. The owner will value the opportunities over a five-year period. Attempts Remaining: Infinity What is the NPV of buying both stores? Answer format: Currency: Round to: 2 decimal places. A savvy business owner who owns several chicken franchises is seeking to add another store to his portfolio of stores. He wants to buy a store in the Memphis market at a cost of $8.00 million. However, the owner will sell the store to him. BUT he also has to buy a second store in the Oxford market at a cost of $6.00 million as part of the deal. The Memphis store is doing well, but the Oxford store has cash flow issues. The business owner will have to buy BOTH stores or NONE at all. The owner has a discount rate of 9.00%. The owner will value the opportunities over a five-year period. Attempts Remaining: Infinity What is the rate of return on buying both stores? (HINT: Find IRR of combined projects.) Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924 )) Conneirler the follmwina threp noniente. Attempts Remaining: Infinity Suppose that the projects are contingent, what is the highest financing rate you can afford to accept all 3 projects? Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, % sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924 ))

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