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4. AVC Oil Company purchased a lot in Tower City 6 years ago at a cost of $302,000 Today, that lot has a market value

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4. AVC Oil Company purchased a lot in Tower City 6 years ago at a cost of $302,000 Today, that lot has a market value of S340,000. At the time of purchase, the company spent $15,000 to level the lot and another $20,000 to install underground pipes The company now wants to build a new facility on that site, and the facility cost is estimated at $1.51 million. What amount should be used as the initial cash flow for this projee? Explain A. -1,470,000 B. $1,850,000 C. -$1,875,000 D. -S1,925,000 E.-$1,945,000

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