May 26, 2016

Homework Help: Finance

Posted by Thad on Monday, December 2, 2013 at 6:56pm.

Rock Company acquired land 8 years ago for 2.2 million. Today it is valued at 5.8 million. Rock plans to build a new factory on the site which is estimated to cost 21.5 million plus addition building site preparation costs of 3.2 million. What is the appropriate initial cost for this investment?

A. 24.5 million
B. 26.5 million
C. 28.5 million
D. 30.5 million
E. 32.5 million

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