Kellys corner bakery purchased a lot in oil city 6 years, Ask an Expert

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Kelly's Corner Bakery purchased a lot in Oil City 6 years ago at a cost of $280,000. Today, that lot has a market value of $340,000. At the time of the purchase, the company spent S15,000 to level the lot and another $20,000 to install storm drains. The company now want:s to build a new facility on that site. The building cost is estimated at $1.47 million. What amount should be used as the initial cash flow for this project? (Hint: Be sure to use only the relevant cash flows.)

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Financial Management, Finance

Category:- Financial Management
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