A project will produce an operating cash flow of $56,200 a year for 5 years. The initial fixed asset investment in the project w
ill be $238,900. The net aftertax salvage value is estimated at $67,000 and will be received during the last year of the project's life. What is the net present value of the project if the required rate of return is 15.2 percent
In order to be an entrepreneur you must have good business ethic and life skills, no one can make you have the mindset and ethic of an entrepreneur only influence on the skills you are already born with.
These "free trade zones" are often called duty-free shopping, where you can buy items without paying tax because the airports are a "bubble" in between countries who would normally be the ones charging taxes.
The qualities are Persistent, Creative, and Hard working.
The qualities that one would require in a co-founder depends on a lot of factors. These include the type of chemistry that needs to be developed, the sort of help required from a cofounder, and the type of business venture that is being undertaken. In the case of this question, the business venture being undertaken is one that works towards achieving a social cause. Therefore, it has a noble objective and to achieve this objective there are certain traits that a cofounder should have in order to build harmoney in terms of team work.
Being economically motivated is not a quality that would be helpful in this case. Since this a social cause that aims to provide warm clothing to the lower income segment of society, it is one that does not have profit maximization as a core objective. If a person is economically motivated, they wont do well in a set up that does not offer economic returns.
The venture does not persistance in the face of adversity to enable the individual to carry on amidst an onslaught of issues. Creativity is important to ensure creative solutions to problems. Whether it is figuring out how to develop a strategy, how to source the products, how to navigate through the supply chain and how to raise funding, you need creativity. And of course, a person has to be hard working to ensure they will work diligently to successfuly achieving set objectives