The new machine costs $120,000 and an installation costs of $1,400 will be required. A...
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The new machine costs $120,000 and an installation costs of $1,400 will be required. A buyer is currently willing to purchase the existing machine at $21,000. With the purchase of the new machine, the current assets will increase by $8,000 and the current liabilities will increase by $2,400. Calculate the initial investment of this project." "$106,000" "$148,000" "$103,200" "$90,000"
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