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ABC Company purchased a lot in Oll City six years ago at a cost of $264,000. Today, that lot has a market value of $278.000.

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ABC Company purchased a lot in Oll City six years ago at a cost of $264,000. Today, that lot has a market value of $278.000. At the time of the purchase, the company spent $6,000 to level the lot and another $8,000 to install stor drains. The company now wants to build a new facility on that site. The building cost is estimated at $900.000ion. The NWC can be reduced by $30,000. What amount should be used as the initial cash flow for this project

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