Business, 08.11.2019 05:31, proutyhaylee

Kenny, inc., is looking at setting up a new manufacturing plant in south park. the company bought some land six years ago for $7.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. the land would net $10.1 million if it were sold today. the company now wants to build its new manufacturing plant on this land; the plant will cost $21.3 million to build, and the site requires $880,000 worth of grading before it is suitable for construction.

required: what is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? (do not include the dollar sign ($). enter your answer in dollars (e. g., 1,234,567), not millions of dollars.)

Answers: 2

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Kenny, inc., is looking at setting up a new manufacturing plant in south park. the company bought so...

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