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Please solve. Patker & Stone, Incorporated, is looking at setting up a new manufocturing plant in South Park to produce garden tools. The company bought
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Patker \& Stone, Incorporated, is looking at setting up a new manufocturing plant in South Park to produce garden tools. The company bought some land six years ago for $8 million in anticipation of using it as a warehouse and diatribution site, but the company has since decided to rent facilites elsewhere. If the land were sold today, the company would net $10.8 milifion. The company now wants to build its new manufacturing plant on this fand, the plant will cost $22 million to bulld, and the ste requires $950,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initlal investrient in flixed assets when evaluating this project? Note: Do not round intermediate calculations and enter your answer in doliars, not millions, rounded to the nearest whole number, e.g. 1.234,567 Step by Step Solution
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