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2. Hyundai company is planning on setting up a new factory in South Africa to produce car parts. The company bought some land ten years

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2. Hyundai company is planning on setting up a new factory in South Africa to produce car parts. The company bought some land ten years ago for $15 million in anticipation of using it as a factory and maintenance site, but the company has since chosen to rent these amenities from a competitor instead. If the land were to be sold today, the company would net $1.4 million. The company wants to build its new factory on this land; the plant will cost $46.2 million to build, and the site requires $680,000 worth of sorting before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? Why? * (4 Points) Enter your

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