Question
Vegas Pizza Company is evaluating buying a new pizza baking oven with the following information: The new ovens base price = $60,000 The modification cost
Vegas Pizza Company is evaluating buying a new pizza baking oven with the following information: The new ovens base price = $60,000 The modification cost = $5,000 Shipping cost = $2,000 Increase of net working capital with the new oven = $10,000 What is the initial investment of the new oven?
Group of answer choices
$70,000
$60,000
$67,000
$77,000
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
978-0538482387
