Question: Suppose that in the year 2 0 1 5 , Oceanaire, Inc. planned to produce 5 2 5 comma 0 0 0 units of its

Suppose that in the year2015, Oceanaire, Inc. planned to produce 525 comma 000
units of its lightweight scuba tanks. Of the 525 comma 000
it planned to produce, a total of 25 comma 000
units would be added to the inventory at its new plant in Arizona. Also assume that these units have been selling at a price of $ 200
each and that the price has been constant over time. Suppose further that this year the firm built a new plant for $ 5
million and acquired $ 3.5
million worth of equipment. It had no other investment projects, and to avoid complications, assume no depreciation.
Now suppose that at the end of the year, Oceanaire had produced 525 comma 000
units but had only sold 485 comma 000
units and that inventories now contained 40 comma 000
units more than they had at the beginning of the year. At $ 200
each, that means that the firm added $ 8 comma 000 comma 000
in new inventory.
This year Oceanaire actually invested $enter your response here
.
(Enter
your response as an integer.)

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