Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out

Question

2 years ago

15

Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out

let on the site. The most recent appraisal on the property placed a value of $629,000 on the property and building. Samson’s now wants to tear down the original structure and build a new strip mall on the site at an estimated cost of $2.3 million. What amount should be used as the initial cash flow for new project?

Business

1 answer:

vladimir1956 [14] · Answer 1 · 2023-05-08T05:32:44+03:00

vladimir1956 [14]2 years ago

3 0

Answer:

initial cash flow is 2,929,000

Explanation:

Attached is the table