Bill's Manufacturing needs $450,000 to build a new plant.It must also spend $200,000 on new equipment for the plant.Both of these needs are examples of

Question

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The need for $450,000 to build a new plant and $200,000 on new equipment indicates a capital expenditure for a long-term investment. Hence, Bill's Manufacturing requires long-term financing to fund their needs.

Bill's Manufacturing Needs $450,000 to Build a New Plant