The capital structure weights used in computing the weighted average cost of capital .Group of answer choicesare based on the book values of total debt and total equityare based on the market value of the firm's debt and equity securitiesare computed using the book value of the long-term debt and the book value of equityremain constant over time unless the firm issues new securities

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?