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kellys-corner-bakery-purchased-a-lot-in-oil-city-6-years-agao-at-a-cost-of-s280000-today

16 / 01 / 2019 Research Papers

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1) Kelly’s corner bakery purchased a lot in oil city 6 years agao at a cost of $280,000. Today… 1 answer below » 1) Kelly’s corner bakery purchased a lot in oil city 6 years agao 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 $15,000 to level the lot and another $20,000 to install storm drains. The company now wants to nuild 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? A. -$1,470,000 B. -$1,810,000 c. -$1,825,000 d. -$1,845,000 e. -$1,860,000 Sep 08 2015 12:53 PM



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