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Canvas Reproductions, Inc., has spent $4,000 dollars researching a new project. The project requires $20,900 worth of new machinery, which would cost $3,300 to install.
Canvas Reproductions, Inc., has spent $4,000 dollars researching a new project. The project requires $20,900 worth of new machinery, which would cost $3,300 to install. The company would realize $4,500 in after-tax proceeds from the sale of old machinery. If Canvas's working capital is unaffected by this project, what is the initial investment amount for this project? The initial investment will be s
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