Frank Wood, the owner of Cozy Corner Cabinets (CCC), has just hired Joe Boss to manage his company.Instead of using a flat salary, the two men have agreed that Joe will be paid 15.0% of the profits at the end of each year.CCC currently has three project opportunities to choose from and can only choose one of them.
$\bullet$Project A will generate profits of $75,000 per year and will increase the value of CCC by $145,000.
$\bullet$Project B will generate profits of $63,000 per year and will increase the value of CCC by $153,000.
$\bullet$Project C will generate profits of $68,000 per year and will increase the value of CCC by $138,000.
Which project is Joe Boss likely to choose and why? As the owner of CCC, which project would Frank prefer?

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The Answer of Frank Wood, the owner of Cozy Corner Cabinets (CCC), has just hired Joe Boss to manage his company.Instead of using a flat salary, the two men have agreed that Joe will be paid 15.0% of the profits at the end of each year.CCC currently has three project opportunities to choose from and can only choose one of them.
$\bullet$Project A will generate profits of $75,000 per year and will increase the value of CCC by $145,000.
$\bullet$Project B will generate profits of $63,000 per year and will increase the value of CCC by $153,000.
$\bullet$Project C will generate profits of $68,000 per year and will increase the value of CCC by $138,000.
Which project is Joe Boss likely to choose and why? As the owner of CCC, which project would Frank prefer?

Frank Wood, the Owner of Cozy Corner Cabinets (CCC), Has ∙\bullet∙

Frank Wood, the Owner of Cozy Corner Cabinets (CCC), Has $\bullet$