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What is the payback period for Kimberly flower shop

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Reference no: EM133099106

Question - Kimberly Young is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers. A local florist is retiring and selling her small flower shop to Kimberly for $225225. The shop has a remaining life of 20 years. Kimberly expects to have incremental revenues of $102375 per year and pay approximately 60% of revenues in operating costs. What is the payback period for Kimberly's flower shop?

Reference no: EM133099106

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