Which of the following is true about bitcoin? In its current state, bitcoin can only process a fraction of transactions of traditional credit card companies. The grid-based, peer-produced verification network means bitcoin is as capable at processing transactions as even the largest credit card networks. Users transferring funds across border are likely to consider bitcoin beneficial because it has the potential to dramatically lower transaction fees. Despite the hype, there are no online retailers who current accept bitcoin, although this may change, soon. A and C are true. B and C are true. A, C, and D are true. B, C, and D are true.

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?