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Pierre’s hair salon is considering opening a new location in french lick, california. the cost of building a new salon is $286,000. a new salon will normally generate annual revenues of $68,500, with annual expenses (including depreciation) of $41,200. at the end of 15 years the salon will have a salvage value of $78,000. calculate the annual rate of return on the project. annual rate of return __ %.
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Pierre’s hair salon is considering opening a new location in french lick, california. the cost of bu...
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