65 642
Assignments Done
99,2%
Successfully Done
In October 2018

Answer to Question #40198 in Economics of Enterprise for Brookie skiles

Question #40198
Outdoor Sports is considering adding a miniature golf course to its facility. The course would cost $138,000, would be depreciated on a straight-line basis over its five-year life, and would have a zero salvage value. The estimated income from the golfing fees would be $72,000 a year with $24,000 of that amount being variable cost. The fixed cost would be $11,600 only in year one. In addition, the firm anticipates an additional $14,000 in revenue each year from its existing facilities if the golf course is added. What is the IRR of this project?
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions