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Please show work. 10. Thomas Commercial is planning to build a new complex on a lot it purchased 10 years ago for $500,000. Upon purchase
Please show work. 10. Thomas Commercial is planning to build a new complex on a lot it purchased 10 years ago for $500,000. Upon purchase of the lot, the firm spent another $50,000 clearing and leveling the ground. Today, the lot could be sold for $850,000. The estimated cost for the buildings is $2.5 million. What amount should be used as the initial cash flow for the project
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