KFC purchased Chester's chicken for $10 million (at MARR= 15%) in hopes of selling it...
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Accounting
KFC purchased Chester's chicken for $10 million (at MARR= 15%) in hopes of selling it 7 years from now. they estimate a net cash flow decrease with an arithmetic gradient of 6 million per year starting in year 4. there is expected to be a net loss of 6 million annually starting at the end of year 1. what should be KFC's minimum selling price in 7 years?
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