Walter open his own bowling alley. Annual revenue is $400,000 and annual costs are $200,000....
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Walter open his own bowling alley. Annual revenue is $400,000 and annual costs are $200,000. Initially, the alley requires a $100,000 investment. What is the net present value at the end of the third year of operation, using a discount rate of 10%? There are no taxes.
- $628,000
- $447,000
- $500,000
- $397,000
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