Question: Should they start the donut store? Why or why not? Show work please. Jake is thinking about joining his friends Ali and Jamo in Corozal

Should they start the donut store? Why or why not? Show

Should they start the donut store? Why or why not? Show work please.

Jake is thinking about joining his friends Ali and Jamo in Corozal Town,'Belize. He is hoping to open up a new donut business to fund his hobby of lounging on the beach. His new store would be called "Donut Worry, Be Happy." The store will cost $500K to start. Jake has $1M. He will sell the store next year (2022). Donut stores generally sell at 10P/E. Should Jake start the Donut store? Why or why not? (Explain and Show Work)

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