Question: PLEASE SOLVE IT BY EXCEL CLEARLY AND STEP BY STEP A third-year college friend of yours opened Mike's Bike Repair Shop when he was a

PLEASE SOLVE IT BY EXCEL CLEARLY AND STEP BY STEP A

PLEASE SOLVE IT BY EXCEL CLEARLY AND STEP BY STEP

A third-year college friend of yours opened Mike's Bike Repair Shop when he was a freshmen working on a sociology degree. He shared his NCF figures for the 3 years, including the S17,000 amount that it took to get started in business. (a) Determine the number of possible rate of re- turn values. Find all i* values between-50% and 110% by plotting PW versus for your friend. (Use 20% increments.) ( b) Net Cash Flow, $ -17,000 20,000 -5,000 Year 0 8000

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