You are a 5050 partner in a bbq restaurant your business, Financial Management

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You are a 5050 partner in a bbq restaurant your business

You are a 50/50 partner in a BBQ restaurant. Your business partner, who majored in English, wants to invest in a new, larger smoker. In his words, “This new BBQ smoker will save us $4,000 per year for five years, and only costs us $15,000! That’s $5,000 in profit!” If the discount rate is 15%, should you buy the new smoker? GIve reasoning

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Financial Management: You are a 5050 partner in a bbq restaurant your business

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