Question: You are looking to start a 3-D printed widget factory. The discount rate is currently 9.1 and you are projecting the following costs, profits &
You are looking to start a 3-D printed widget factory. The discount rate is currently 9.1 and you are projecting the following costs, profits & losses: In year 0 (now): Purchasing manufacturing equipment, a facility, and other startup costs will cost you $50,000. In year 1 you are fairly certain you will turn a profit of $9,000. In year 2 , your marketing efforts should pay off and you will turn a profit of $13,000. In years 3 and 4 you should show a profit of $26,000 per year. State the profit (input number fegularly) or loss (input number as a - xox.xx ) from the business in dollars and cents (do not use commas of the $ symbol)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
