Question
Please quickly answer this question so I can study! Thanks! & show work Mona-Dooley's owns land beside its current manufacturing facility that could be used
Please quickly answer this question so I can study! Thanks! & show work
Mona-Dooley's owns land beside its current manufacturing facility that could be used for a proposed expansion. The company bought this land 5 years ago at a cost of $419,000. At the time of purchase, the company paid $44,000 to level out the land so it would be suitable for future use. Today, the land is valued at $595,000. The company has some unused equipment that it currently owns valued at $40000.00. This equipment could be used for production if $12,000 is spent for equipment modifications. Other equipment costing $510000.00 will also be required. What is the amount of the initial cash flow for this expansion project?
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