Question 7 Mcnin, Inc. currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company own land beside its current manufacturing facility that could be used for the expansion. The company bought this land eight years ago cost of $500.000. At the time of purchase the company paid own valued at $40.000 This equipment could be used for producing awnings if 10,000 is spent for equipment modifications Other equipment costing S400.000 will also be required. What is the amount of the initial cu flow for this expansion project? $$70,000 51.620.000 251.200.000 51020000