Kellys corner bakery purchased city five years ago at a, Financial Management

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Kellys corner bakery purchased city five years ago at a

Kelly's Corner Bakery purchased City five years ago at a cost of $690,000. Today, that lot has a market value of $710,000. At me tine of me purchase the company spent $56,000 to level me the and another $3, 900 to install storm drains

The company now wants to build a new facility on that site.

The building cost is estimated at $1130,000. What amount should be used as the initial cash flow for this project?

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Financial Management: Kellys corner bakery purchased city five years ago at a

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