Baker inc. is looking at setting up a new manufacturing plant in cleveland, ohio to produce widgets. The company bought some land 5 years ago for $4 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 today, the company would net $6.4 million. The company wants to build its new manufacturing plant on this land; the plant will cost $9.8 million to build, and the site requires $965,000 worth of grading before it usbsuitable for construction. what is the proper cash flow amount tonuse as an initial investment in fixed assets when evaluating this project?

Multiple Choice $17,165,000 $9.800,000 $6,400,000 $10,765,000