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Quality Craft Rentals began business three years ago with a $21000 expenditure for a fleet of 30 canoes These are expected to last seven more years at which time a new fleet must be purchased

Quality Craft Rentals began business three years ago with a $21,000 expenditure for a fleet of 30 canoes. These are expected to last seven more years, at which time a new fleet must be purchased.

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Matt is happy with the steady rental average of 6,400 per year. For this number of rentals, what price should he charge per rental for the business to make a 20 percent life-cycle return oninvestment?

 

May 02 2020 View more View Less

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