Winner’s Casino Corporation is considering an expansion of their busiest casino. Winner’s Casino has already conducted and paid $50,000 for a marketing survey. The expansion will cost $2.5 million for the assets including delivery costs and all construction costs. In addition, $500,000 in net working capital will be needed immediately. Compute the net investment of this expansion project. Remember to use a $, commas where appropriate, and carry your answer to 2 decimal places.

Winner’s Casino Corporation is considering an expansion of their busiest casino. Winner’s Casino has already conducted and paid $50,000 for a marketing survey. The expansion will cost $2.5 million for the assets including delivery costs and all construction costs. In addition, $500,000 in net working capital will be needed immediately. Compute the net investment of this expansion project. Remember to use a $, commas where appropriate, and carry your answer to 2 decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 10PA: The Ham and Egg Restaurant is considering an investment in a new oven that has a cost of $60,000,...

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