2. Wonderful Informatika Ltd. is looking at setting up a new manufacturing plant in Delta to produce computers. The company bought some land six years ago for $5 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold toady, the company would net $5.4 million. The company wants to build its new manufacturing plant on this land; the plant will cost $10.4 million to build, and the site requires $650,000 worth of grading before it is suitable for construction. What is the proper amount to use as the initial investment in fixed assets when evaluate this project?