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Assume the followine about the investments section of company Ridges capital project: (use to answer the following two questions) - Newisndicost -590000 - New survey
Assume the followine about the investments section of company Ridges capital project: (use to answer the following two questions) - Newisndicost -590000 - New survey costs for new building to fit on land =$15,000 - New Building =$500,000 - A/P increase of $17,500 in YR. 0 - A/R decrease of $19,000 in YR. 0 - Inventory decrease of $36,000 in YR. 0 - Landscaping to improve looks around new building =$17,000 - Additional Municipal taxes for new land and building sewer services paid last year - $20,000 Based on the data above for Ridges company: How much investment dollars should be assigned for the land and building in year 0? (show negative cash fows as negative numbers and round to the nearest dollar - example: 123)
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