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Steves sub stop is considering investing in toaster ovens for each of its 120 stores located in the southwestern United States. the high capacity conveyor
Steves sub stop is considering investing in toaster ovens for each of its 120 stores located in the southwestern United States. the high capacity conveyor toaster ovens manufactured by Lincoln, will require an initial investment of $15k per store plus $500 in installation costs, for a total investment of $1,860,000. The new capital (including the costs for installation) will be depreciated over five years using straight line depreciation toward a zero salvage value. steve will also incur additibal maintenance expenses totaling $120,000 per year to maintain the ovens. at project FCF for year 1 will result from the investment in toaster ovens?
round to the nearest dollar
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