Canvas Reproduction, Inc., has spent $4,500 dollars researching a new project. The project requires $20,000 worth of new machinery, which would cost $3,000 to install. The company would realize $4,500 in after-tax proceeds from the sale of old machinery. If Canvas’s working capital is unaffected by this project, what is the initial investment amount for this project?
Click here for the solution: Canvas Reproduction, Inc., has spent $4,500 dollars researching a new project
