Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. Ignore income taxes in this problem.) The data pertaining to her investment opportunity are: Cost of equipment $ 175,000 Working capital needed $ 185,000 Annual cash inflow from sales $ 190,000 Annual cash outflow for operating costs $ 145,000 Salvage value of equipment $ 20,000 Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. What is the TOTAL cash inflow that comes JUST in year 6? Do NOT include the annual cash flows from the earlier problem. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.
Mary is considering opening a hobby and craft store. Mary plans to operate the business for six years. Mary requires a minimum 6%
Cost of equipment $ 175,000
Annual
Annual
Salvage value of equipment $ 20,000
Mary plans to operate the business for six years. Mary requires a minimum 6% return on this investment. What is the TOTAL cash inflow that comes JUST in year 6? Do NOT include the annual
ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.
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