Economic growth and public policy suppose a wealthy french citizen buys $2 million worth of stock issued by an american corporation. the american firm uses the proceeds for a factory expansion. this is an example of foreign investment in the united states. which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. a. increasing taxes on income from savings b. providing tax breaks and patents for firms that pursue research and development in health and sciences c. protecting property rights and enforcing contracts d. pursuing inward-oriented policies

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?