Kellys corner bakery purchased a lot in oil city six years, Financial Management

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Kellys corner bakery purchased a lot in oil city six years

Kelly's Corner Bakery purchased a lot in Oil City six years ago at a cost of $278,000. Today, that lot has a market value of $264,000. At the time of purchase, the company spent $6,000 to level the lot and another $8,000 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.03 million. What amount should be used as the initial cash flow for this project?

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Financial Management: Kellys corner bakery purchased a lot in oil city six years

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Financial Management: Kellys corner bakery purchased a lot in oil city six years

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