Aztec Corp., a clothing retailer, plans to open another 95 stores by the end of the year. Each new store will require an initial investment of $270,000 and an annual operating cost of $24,000. Each will have a $61,000 salvage value after 5 years. The company expects to garner revenue of $36,000 each year. What is the future worth of this investment if the company's minimum attractive rate of return is 13% per year, compounded semiannually?

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The Answer of Aztec Corp., a clothing retailer, plans to open another 95 stores by the end of the year. Each new store will require an initial investment of $270,000 and an annual operating cost of $24,000. Each will have a $61,000 salvage value after 5 years. The company expects to garner revenue of $36,000 each year. What is the future worth of this investment if the company's minimum attractive rate of return is 13% per year, compounded semiannually?