An Australian-based energy drink manufacturer plans to expand its international markets to the untapped Middle-East region. The company expects that the expansion will bring additional net income of $31583 in the first year of the operation and amounts increasing by $5455 for the next 9 years. What is the annual equivalent amount of the net income at an interest rate of 12% per year? (Write your answer without unit and at least two digit)

An Australian-based energy drink manufacturer plans to expand its international markets to the untapped Middle-East region. The company expects that the expansion will bring additional net income of $31583 in the first year of the operation and amounts increasing by $5455 for the next 9 years. What is the annual equivalent amount of the net income at an interest rate of 12% per year? (Write your answer without unit and at least two digit)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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