Assume real per capita gdp in north metropolania is $1 while in east quippanova it is $2500. the annual growth rate in north metropolania is 2.33%, while in east quippanova it is 7%. how many years will it take for east quippanova to catch up to the real per capita gdp of north metropolania? choose one: a. about 10 years b. about 30 years c. about 40 years d. about 120 years e. east quippanova will never be able to catch up with north metropolania.

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?