Solution-Calculate the annual rate of return on the project

Calculate the annual rate of return on the project

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Reference no: EM133132109

Question - Crane's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $260,000. A new salon will normally generate annual revenues of $55,200, with annual expenses (including depreciation) of $38,500. At the end of 15 years the salon will have a salvage value of $74,000. Calculate the annual rate of return on the project.

Reference no: EM133132109

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Calculate the annual rate of return on the project : The cost of building a new salon is $260,000. A new salon will normally generate annual revenues of $55,200, Calculate the annual rate of return on the project

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Calculate the annual rate of return on the project

Reference no: EM133132109

Reference no: EM133132109

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