PART C Delford Industries needs a new warehouse for its growing business in New Jersey. The CFO
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Question:
PART C | ||||
Delford Industries needs a new warehouse for its growing business in New Jersey. | ||||
The CFO has decided to lease the warehouse for | 7 | years. | ||
They have identified two warehouses that meet their needs: one in Edison and the other | ||||
in Rutherford. | ||||
Proposed lease terms for the two warehouses are as shown below. | ||||
($s in 000s) | ||||
Payment | Annual | |||
(Year 0) | Lease | |||
Edison | $325 | $1,235 | ||
Rutherford | $925 | $1,125 | ||
Delford has adequate cash to make either of the Year 0 payments. | ||||
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