Andrea Kris is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers.A local florist is retiring and selling her small flower shop to Andrea for $162,500.The shop has a remaining life of 20 years.Andrea expects to have incremental revenues of $81,250 per year and pay approximately 60% of revenues in operating costs.What is the payback period for Andrea's flower shop?
A)5 years
B)2 years
C)3.33 years
D)6.66 years

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The Answer of Andrea Kris is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers.A local florist is retiring and selling her small flower shop to Andrea for $162,500.The shop has a remaining life of 20 years.Andrea expects to have incremental revenues of $81,250 per year and pay approximately 60% of revenues in operating costs.What is the payback period for Andrea's flower shop?
A)5 years
B)2 years
C)3.33 years
D)6.66 years

Andrea Kris Is Opening a Small Flower Shop That Will