The taj mahal tour company proposes to invest 3 million in, Ask an Expert

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The Taj Mahal Tour Company proposes to invest $3 million in a new tour package project. Fixed costs are $1 million per year. The tour package costs the company $500 to produce and can be sold at $1,500 per package to tourists. This tour package will last for the next five years. If the cost of capital is 20 percent, what is the NPV break-even number of tourists per year? (Ignore taxes. Round to the nearest 1,000.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92715311

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