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Study Question 1 answer below » 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 $15,000 to level the lot and another $20,000 to install storm drains. The company now wants 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? Jan 17 2014 04:32 PM
