What is the ammount of economic investment

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Assume that a national restaurant firm called BBQ builds 12 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $400,000 of equipment and furnishings. To help partially defray the cost of this expansion, BBQ issues and sells 240,000 shares of stock at $40 per share.

Round answer to one decimal place

a. What is the ammount of economic investment that has resulted from BBQ's actions? $______ Million   

b. How much purely financial investment took place? $______Million

Reference no: EM131166382

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