44

Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $730,000. Today, that lot has a market value of $860,000. At the time of the purchase, the company spent $44,000 to level the lot and another $4,700 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,260,000. What amount should be used as the initial cash flow for this project?

	$-2,034,000
	$-2,120,000
	$-1,260,000
	$-1,990,000
	$-2,164,000