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Landscapes Unlimited has spent $2,000 evaluating a new service area for expanding its business territory. The expansion will require the purchase of a new truck
Landscapes Unlimited has spent $2,000 evaluating a new service area for expanding its business territory. The expansion will require the purchase of a new truck for $34,700 and fitting the truck with a flatbed that will cost $6,400 to install. The company would realize $8,200 inafter-tax proceeds from the sale of an old truck. IfLandscapes' working capital is unaffected by thisproject, what is the initial investment amount for thisproject?
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