Business, 31.05.2020 05:01 ambercable3

Never Forget Bakery purchased a lot in Oil City six years ago at a cost of $278,000. Today, that lot has a market value of $320,000. 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?

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Never Forget Bakery purchased a lot in Oil City six years ago at a cost of $278,000. Today, that lot...

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