On August 1, 20Y4, the controller of Handy Dan Tools Inc. is planning capital expenditures for the years 20Y5-20Y8. Th Handy Dan executives to collect the necessary information for the capital expenditures budget. Excerpts of the interviev Director of Facilities: A construction contract was signed in May 20Y4 for the construction of a new factory building at a construction is scheduled to begin in 20Y5 and completed in 20Y6. Vice President of Manufacturing: Once the new factory building is finished, we plan to purchase $3.6 million in equipme additional $500,000 will be needed early in the following year (20Y7) to test and install the equipment before we can b to grow, I expect we'll need to invest another half million in equipment in 20Y8. Vice President of Marketing: We have really been growing lately. I wouldn't be surprised if we need to expand the size 20Y8 by at least 25%. Fortunately, we expect inflation to have minimal impact on construction costs over the next fou expect the cost of the expansion to be proportional to the size of the expansion. Director of Information Systems: We need to upgrade our information systems to wireless network technology. It doe after the new factory building is completed and producing product. During 20Y7, once the factory is up and running, with wireless technology. I think it would cost us $400,000 today to install the technology. However, prices have been should be less expensive at a later date. President: I am excited about ourlong-term prospects. My only short-term concern is financing the $5,000,000 of co the new factory building scheduled to be completed in 20Y5. On August 1, 20Y4, the controller of Handy Dan Tools Inc. is planning capital expenditures for the years 20Y5-20Y8. Th Handy Dan executives to collect the necessary information for the capital expenditures budget. Excerpts of the interviev Director of Facilities: A construction contract was signed in May 20Y4 for the construction of a new factory building at a construction is scheduled to begin in 20Y5 and completed in 20Y6. Vice President of Manufacturing: Once the new factory building is finished, we plan to purchase $3.6 million in equipme additional $500,000 will be needed early in the following year (20Y7) to test and install the equipment before we can b to grow, I expect we'll need to invest another half million in equipment in 20Y8. Vice President of Marketing: We have really been growing lately. I wouldn't be surprised if we need to expand the size 20Y8 by at least 25%. Fortunately, we expect inflation to have minimal impact on construction costs over the next fou expect the cost of the expansion to be proportional to the size of the expansion. Director of Information Systems: We need to upgrade our information systems to wireless network technology. It doe after the new factory building is completed and producing product. During 20Y7, once the factory is up and running, with wireless technology. I think it would cost us $400,000 today to install the technology. However, prices have been should be less expensive at a later date. President: I am excited about ourlong-term prospects. My only short-term concern is financing the $5,000,000 of co the new factory building scheduled to be completed in 20Y5