What is the fallacy of composition? a. the idea that forming a united front against big business will somehow hurt the businesses it is intended to b. the mistaken belief that what seems like a good deal for one person will be a good deal when everyone does it c. the assumption that giant corporations act in the best interest of smaller businesses or landowners d. the error in judgment that results from putting the value of monetary profits before the value of human employees

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?