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Minnesota Manufacturing wishes to modernize its technology and thereby enhance sales. The installation costs of the new computers will be $75,000. The current computers have
Minnesota Manufacturing wishes to modernize its technology and thereby enhance sales. The installation costs of the new computers will be $75,000. The current computers have been fully depreciated and a buyer has not been located. The following changes are anticipated to its current assets and liabilities.
Accounts payable: $5,000 Accounts receivable: $9,000 Accruals: -$1,000 Inventory: $6,000
What is the initial investment associated with the technology modernization?
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