Finance

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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