Question
1A. Kelly's Corner Bakery purchased a lot in Columbus City five years ago at a cost of $740,000. Today, that lot has a market value
1A. Kelly's Corner Bakery purchased a lot in Columbus City five years ago at a cost of $740,000. Today, that lot has a market value of $870,000. At the time of the purchase, the company spent $55,000 to level the lot and another $5,800 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,590,000. The amount should be used as the initial cash outflow for this project is $____. Put a positive dollar amount, and round it to a whole dollar, e.g., 123456.
1B. Jason purchased a stock for $48 one year ago. The stock is now worth $52 . During the year, the stock paid a dividend of $3.50. What is the percentage total holding period return to Jason from owning the stock? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))
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