Question: please do it ASAP.... I'll give you up thumb 8. (5) Moxabl Inc. plans to buy land and build an assembly line for its expansion.

please do it ASAP.... I'll give you up thumb 8. (5)

please do it ASAP.... I'll give you up thumb

8. (5) Moxabl Inc. plans to buy land and build an assembly line for its expansion. The anticipated total cost of the land and structures is $0.65 million. The founder-owners of the company are reluctant to borrow money and prefer to set aside savings from profits to cover the cost. Management believes that the firm can set aside $650,000 a month to accumulate the capital necessary for this investment. The firm can earn 8 percent compounded monthly on the funds it saves. How long will it take for the firm to have sufficient capital to invest in this expansion? Assume that the cost of expansion remains constant over time

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