Question
Joes PC repair purchased a lot in Lake City two years ago at a cost of $86,000. Today, that lot has a market value of
Joes PC repair purchased a lot in Lake City two years ago at a cost of $86,000. Today, that lot has a market value of $115,000. At the time of the purchase, Joe Spence, the firms owner, spent $19,000 for lot improvements and utility install charges. Joe now wants to build a facility on that site. The building cost is estimated at $260,000. What amount should be used as the initial cash flow for this project?
The costs that should be considered are called
Question 2 options:
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3) To calculate the initial project cash flow, this problem requires Question 3 options:
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