Problem
Your uncle almost convinced you to invest in his peach farm. It would require a $10,000 initial investment on your part. He promises you revenue (before expenses) of $1, 800 per year the first year, and increasing by $100/year thereafter. Your share of the estimated annual expenses is $500. You figure you would invest for 6 years. Your uncle has promised to buy out your share of the business at that time for $12,000at which point you would use it to buy a new car). You have decided to set a personal MARR of 15% per year. Draw cash flow diagram from your point of view. Evaluate the investment using the PW method.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.