Celeste runs a daycare for pets. She is having issues finding employees to assist and needs to cut back on her hours. She is hoping to fully retire in 7 years. Her current NPV is $20,000, using a tax rate of 21% and a discount rate of 6%. She understands by cutting back hours, her NPV will drop. However, she would still like to maintain a NPV of $8,000 for the next 7 years. At what amount of revenue (before-tax) could she earn to meet her desired NPV? (round to the nearest dollar)

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The Answer of Celeste runs a daycare for pets. She is having issues finding employees to assist and needs to cut back on her hours. She is hoping to fully retire in 7 years. Her current NPV is $20,000, using a tax rate of 21% and a discount rate of 6%. She understands by cutting back hours, her NPV will drop. However, she would still like to maintain a NPV of $8,000 for the next 7 years. At what amount of revenue (before-tax) could she earn to meet her desired NPV? (round to the nearest dollar)

Celeste Runs a Daycare for Pets