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Landscapes Unlimited has spent $2,900 evaluating a new service area for expanding its business territory. The expansion will require the purchase of a new truck
Landscapes Unlimited has spent $2,900 evaluating a new service area for expanding its business territory. The expansion will require the purchase of a new truck for $34,800 and fitting the truck with a flatbed that will cost $6,800 to install. The company would realize $8,300 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? The initial investment will be $ (Round to the nearest dollar.)
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