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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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.
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