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Your friend is considering buying a patio heater for her

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Your friend is considering buying a patio heater for her pub. She thinks that she can extend her patio season by several weeks and make more money. The patio heater costs $2000 but will increase beer profits by $525 per year. If the patio heater has an expected life time of 5 years, is it a good investment? It is required that she make at least 5%. Use uniform payment method.

Reference no: EM13483444

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