Question
Red Dirt Products plans to open a new location of a national fast food chain restaurant on property it purchased 10 years ago for $26,768.
Red Dirt Products plans to open a new location of a national fast food chain restaurant on property it purchased 10 years ago for $26,768. If the land were sold today, the company would net $157,504. The restaurant will cost $653,718 to build, and the site requires $15,537 worth of preparation before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
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