Economics A young entrepreneur wanted to open a small laundry shop. An investment of P280,613 is needed for a laundry shop that will produce a uniform annual income. This laundry

Economics A young entrepreneur wanted to open a
small laundry shop. An investment of
P280,613 is needed for a laundry shop that
will produce a uniform annual income. This
laundry shop is operating daily (assuming
26 days a month) for 6 years and then have
a salvage value of 12% of the investment. Its
operating and maintenance cost will be
P75,482 per year. Taxes and insurance will
be 3% of the first cost per year. The
company expects capital to earn not less
than 20% before income taxes.

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