please explain each why you chose to include each cost. 73. Kelly's Corner Bakery purchased a piece
Fantastic news! We've Found the answer you've been seeking!
Question:
please explain each why you chose to include each cost.
73. Kelly's Corner Bakery purchased a piece of land in Oil City 6 years ago at a cost of $302,000. Today, that land has a market value of $340,000. At the time of the purchase, the company spent $15,000 to level the land and another $20,000 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.41 million. What amount should be used as the initial cash flow for this project? a. -$1,470,000 b. -$1,750,000 c. -$1,850,000 d. -$1,950,000 e. -$1,955,000
Posted Date: