Reference no: EM133038327
Question -
A. Your father wants to restore a '68 Chevelle. However, he is unsure if it is worth the work.
He can pull a 350-small block engine from the junk yard at $400 and will only need $200 in parts to get it running.
A remanufactured transmission is $1,250 from a local parts store.
He will do the interior (dash and seats) himself with $300 in materials.
He plans $950 in tires, brakes, and suspension parts.
The paint job will cost $650.
He figures he can resell it at $40,000.
The car is currently posted on an auto trader site for $25,000.
Required -
1. What is the ROI (write as a percentage)?
2. Is it a good idea (Yes or No, based on ROI)?
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