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27.07.2019 •
Business
Pierre’s hair salon is considering opening a new location in french lick, california. the cost of building a new salon is $300,000. a new salon will normally generate annual revenues of $70,000, with annual expenses (including depreciation) of $41,500. at the end of 15 years the salon will have a salvage value of $80,000. calculate the annual rate of return on the project. (round answer to 0 decimal places, e.g. 125.)
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