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Will andover proceed with branch office project

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Question: Andover Savings Bank is considering the establishment of a new branch office at the corner of Lafayette and Connecticut Avenues. The savings association's economics department projects annual operating revenues of $1.75 million from fee income generated by service sales and annual branch operating expenses of $880,000. The cost of procuring the property is $2.5 million and branch construction will total an estimated $2.32 million; the facility is expected to last 16 years. If the savings bank has a mini-mum acceptable rate of return on its invested capital of 12 percent, will Andover likely proceed with this branch office project?

Reference no: EM131717239

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