4. 8.07 percent 1 Tom's motor cycle shop purchased a lot in Capital City 5 years ago at a cost of $280,000. Today, that lot has a market value of $350.000. At the time of the purchase, the company spent $15.000 to level the lot and another $20,000 to install storm drains. The company now wants to build a new store on that site. The building cost is estimated at $1.58 million. What amount should be used as the initial cash flow for this project? Ch 9 1. -$2,225.000 Q-$1.930,000 3. -$2.210.000 4. -$1.978.000 2 itoring a nroject with an initial investment of $36.0 ble value