Contemporary Engineering Economics 6th Edition by Chan Park

تمرين 49

You are considering an investment that costs $2,000. It is expected to have a useful life of three years. You are very confident about the revenues during the first two years but you are unsure about the revenue in year 3. If you hope to make at least a 10% rate of return on your investment ($2,000), what should be the minimum revenue in year 3