Question

. Angel Mercury a construction Company has begun development of a new housing sub-division. The lots and initial construction materials have been purchased, and framing has begun. A total of $4 million has been invested.
Suddenly, Demonetization announced impacted banking industry causes a recession in real estate, and subsequently the bottom falls out of the housing market. The sub-division land is now worth much less than the construction company paid for it. If the company abandons the project, it will take a $4 million loss. Some company executives want to finish the houses and sell them to recover at least a portion of the costs already spent. But it will cost an additional $6 million to complete the project, the company will generate 8 million
What would be your decision?
Justify your answer using appropriate concept.

Answer 1

Answer:

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