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You are a real estate agent thinking of placing a sign advertising your services at a...

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Finance

You are a real estate agent thinking of placing a signadvertising your services at a local bus stop. The sign will cost$10,000 and will be posted for one year. You expect it willgenerate additional revenue of $1500 per month.
a.   What is the payback period?
b.   What is the discounted payback period if thediscount rate is 1% per month?

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You are a real estate agent thinking of placing a signadvertising your services at a local bus stop. The sign will cost$10,000 and will be posted for one year. You expect it willgenerate additional revenue of $1500 per month.a.   What is the payback period?b.   What is the discounted payback period if thediscount rate is 1% per month?

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