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Landscapes Unlimited has spent $ 2,700 evaluating a new service area for expanding its business territory. The expansion will require the purchase of a new
Landscapes Unlimited has spent $ 2,700 evaluating a new service area for expanding its business territory.
The expansion will require the purchase of a new truck for $ 34,000 and fitting the truck with a flatbed that will cost $ 6 ,600 to install.
The company would realize $ 8,250 in after-tax proceeds from the sale of an old truck.
If Landscapes' working capital is unaffected by this project, what is the initial investment amount for this project?
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