The Depot Restaurant has experienced growing sales and

Last updated: 7/17/2023

The Depot Restaurant has experienced growing sales and management is looking to expand They currently own a lot on Main Street a good location for a restaurant as indicated by a marketing survey The survey cost was 20 000 The lot was purchased five years ago at a cost of 300 000 Today the property could be sold for 560 000 because of the increase in real estate prices The land will have to be cleared before a new restaurant can be built at a cost of 30 000 The company can then build a new restaurant at an estimated cost of 600 000 Finally the management has recently allocated 100 000 in new executive salaries to the new store What is the cost of this expansion project