Jamestown Ltd. currently produces boat sails and is considering expanding its operations to include awnings for homes an

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Jamestown Ltd. currently produces boat sails and is consideringexpanding its operations to include awnings for homes and traveltrailers. The company owns land beside its current manufacturingfacility that could be used for the expansion. The company boughtthis land ten years ago at a cost of $250,000. Today, the land isvalued at $425,000. The grading and excavation work necessary tobuild on the land will cost $15,000. The company currently ownssome unused equipment valued at $60,000. This equipment could beused for producing awnings if $5,000 is spent for equipmentmodifications. Other equipment costing $780,000 will also berequired. What is the amount of the initial cash flow for thisexpansion project? Question 36 options: a) $800,000 b) $1,050,000c) $1,110,000 d) $1,225,000 e) $1,285,000