Question: 8. Snapdragon Co. is evaluating the possible acquisition of a new machine. The new machine will cost $2,950,000. Freight and installation necessary to put the

8. Snapdragon Co. is evaluating the possible acquisition of a new machine. The new machine will cost $2,950,000. Freight and installation necessary to put the machine in service will cost $250,000. The firm expects that, due to increased sales, inventory and accounts receivable will increase by $300,000 and $200,000, respectively. Accounts payable are expected to increase by $350,000. What is the Snapdragon's initial outlay for this project? O a. $2,845,000 O b. $3,350,000 O c. $3,452,000 O d. $3,548,000 O e. none of the above

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