Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. Ignore income taxes in this problem.) The data pertaining to her investment opportunity are: Cost of equipment $ 175,000 Working capital needed $ 185,000 Annual cash inflow from sales $ 190,000 Annual cash outflow for operating costs $ 145,000 Salvage value of equipment $ 20,000 Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. What is the present value factor you will use for the net annual cash flows? Enter your answer to three decimals.
Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6%
Cost of equipment $ 175,000
Annual
Annual
Salvage value of equipment $ 20,000
Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment.
What is the present value factor you will use for the net annual
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