e required investment cost of a new, large shopping center is $47 million. The salvage value of the project is estimated to be $15 million (the value of the land). The project's life is 18 years and the annual operating expenses are estimated to be $17 million. The MARR for such projects is 20% per year. What must the minimum annual revenue be to make the shopping center a worthwhile ventu

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter11: Capital Budgeting Decisions
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The required investment cost of a new, large shopping center is $47 million. The salvage value of the project is estimated to be $15 million (the value of the land). The project's life is 18 years and the annual operating expenses are estimated to be $17 million. The MARR for such projects is 20% per year. What must the minimum annual revenue be to make the shopping center a worthwhile venture? as soon as possible 

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