Jupiter Co. is considering purchasing a new set of equipment to increase production capacity. The...
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Jupiter Co. is considering purchasing a new set of equipment to increase production capacity. The cost of new asset is $3,780,000, current asset will increase by $590,000 and current liabilities will increase by $472,000. The company has completed a market research costing $24,000 six months ago. What is the initial investment for this project?
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