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What is the capex in year zero for this project

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Reference no: EM133091828

Question - Rews Co. is starting a new capital budeting project. They purchased a plot of land for $3.6million 6 years ago, which will currently sell for $4.1million if sold. The company wants to build a new plant on the land, which the building would cost $18.1million. The land would need to be prepped for $950,000 before construction of the building. What is the CAPEX in year 0 for this project?

Reference no: EM133091828

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