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Business, 12.05.2020 13:57 sanic123

Lion Oil Company purchased a lot in Pacific Beach 6 years ago at a cost of $600,000. Today, that lot has a market value of $800,000. At the time of the purchase, the company spent $25,000 to level the lot and another $25,000 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.25 million. What amount should be used as the initial cash flow for this project?

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Lion Oil Company purchased a lot in Pacific Beach 6 years ago at a cost of $600,000. Today, that lot...
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