FIN 370 - Kelly's Corner Bakery purchased a lot in Oil City six years ago

FIN 370 - Kelly's Corner Bakery purchased a lot in Oil City six years ago

Question # 00489456 Posted By: katetutor Updated on: 02/23/2017 05:46 AM Due on: 02/23/2017
Subject Finance Topic Finance Tutorials:
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Kelly's Corner Bakery purchased a lot in Oil City six years ago at a cost of $278,000. Today, that lot has a market value of $264,000. At the time of the purchase, the company spent $6,000 to level the lot and another $8,000 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.03 million. What amount should be used as the initial cash flow for this project

-$1,294,000

-$1,308,000

-$1,308,000

-$1,322,000

-$1,045,000

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    Tutorial # 00485895 Posted By: katetutor Posted on: 02/23/2017 05:46 AM
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