Bonilla Boats purchased a corner lot five years ago at a cost of $730,000. The lot was recently appraised at $680,000. At the time of the purchase, the company spent $25,000 to grade the lot and another $80,000 to pave the lot for customer parking. The company now wants to build a new retail store on the site. The building cost is estimated at $1.4 million. What amount should be used as the initial cash flow for this building project?