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(Solved): Marques River Cruises purchased a building for $544,700 and made repairs costing $73,400. The annual ...



Marques River Cruises purchased a building for $544,700 and made repairs costing $73,400. The annual taxes on the property are $6,600. The building has a current market value of $712,500 and a current book value of $278,000. The building is mortgage-free. If the company decides to use this building for a new project, what value, if any, should be included in the initial cash flow of the project related to this building? Question 16Answer a. $712,500 b. $0 c. $278,000 d. $544,700



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