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The Spice of Life Restaurant Supplies has experienced growing sales and management is looking to...

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The Spice of Life Restaurant Supplies has experienced growing sales and management is looking to expand They currently own a lot near Ponce City Market Management plans to do a marketing survey in the future to investigate whether it is a good location The survey cost will be 10 000 The lot was purchased two years ago at a cost of 1 500 000 Today the property could be sold for 2 000 000 because of the increase in real estate prices The land will have to be cleared at a cost of 40 000 The company can then construct a new building at an estimated cost of 3 200 000 including landscaping and parking Finally management will hire a new manager for the location with a salary of 100 000 What is the cost of this expansion project 5 350 000 4 850 000 4 750 000 5 340 000

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