Question: Smith Engineering is considering an expansion that will require an investment of $606,573 in equipment. The proposed expansion will also require an additional $90,000 in

Smith Engineering is considering an expansion that will require an investment

Smith Engineering is considering an expansion that will require an investment of $606,573 in equipment. The proposed expansion will also require an additional $90,000 in inventory to support the equipment. The firm paid a consulting firm $35,000 last year for advice on the project. What are the initial cash flows

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