An owner has invested 50000 in a business and desires a

Reference no: EM13602003

An owner has invested $50,000 in a business and desires a return on that investment 10%. She wants to take $40,000 in drawings and leave $15,000 in the business for its further development and growth. She has to repay a business loan at$6000 per year. She estimates her tax liaibilities a $30000. What net profit target should she set?

Reference no: EM13602003

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