The required investment cost of a new, large shopping center is $49 million. The salvage...
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The required investment cost of a new, large shopping center is $49 million. The salvage value of the project is estimated to be $22 million (the value of the land). The project's life is 17 years and the annual operating expenses are estimated to be $15 million. The MARR for such projects is 20% per year. What must the minimum annual revenue be to make the shopping center a worthwhile venture? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 20% per year. To make the shopping center a worthwhile venture, the minimum annual revenue must be three decimal places.) million per year. (Round to
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