Sailcloth & More currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land
Sailcloth & More currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land beside its current manufacturing facility that could be used for the expansion. The company bought this land 5 years ago at a cost of $364,947. At the time of purchase, the company paid $34,934 to level out the land so it would be suitable for future use. Today, the land is valued at $307,154. The company currently has some unused equipment that it currently owns valued at $33,752. This equipment could be used for producing awnings if $10,190 is spent for equipment modifications. Other equipment costing $431,331 will also be required. What is the amount of the initial cash flow for this expansion project? (Round answer to zero decimals. Do not round intermediate calculations)
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Authors: Peter S Kaufman, Henry F Owsley
2nd Edition
1587983044, 978-1587983047
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