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Today, the renovation of Donald's restaurant has been completed. Donald calculates that the renovation and...

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Today, the renovation of Donald's restaurant has been completed. Donald calculates that the renovation and other related expenses total $36,000 on the completion date (i.. today). He believes that the renovation will bring in additional profit for his restaurant. Donald plans to sell his restaurant after 6 years. He would like to see an effective annual return of 23.9% on his investment i.e. the renovation). a) What is the minimum additional level weekly profit (paid at the end of each week) that would need to be generated over the next 6 years for Donald to achieve his return of 23.9%? For the purposes of this part only, assume there are no other additional pro fits resulting from the renovation (1 mark) Answer: b) Atter further consideration, Donald believes that the renovation would also allow him to sell his restaurant for an additional $45,000 in 6 years' time. What is the new minimum additional level weekly pro fit that would need to be generated over the next 6 years for Donald to achieve his return of 23.9%? (1 mark)

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