AM PM purchased a lot in Del mar 5 years ago at a cost of $250,000. Today, that lot has a market value of $300,000. Two years ago, the company spent $20,000 to level the lot and prepare it for construction. The company now wants to build a new convenience store / gas station on that site. The building cost is estimated at $1,000,000. What amount should be used as the initial cash flow for this project? (Chapter 10) A. -$ 1,250,000 B. -$ 1,270,000 C. -$ 1,300,000 D. -$ 1,320,000 E. -$ 1,420,000