Central Perk coffee shop has made the purchase of a plot of land in Buffalo 2 years ago at a cost of $300,000, however has now been valued at $500,0000. When the land was purchased, Central Perk spent $20,000 to have plot evaluated and another $7,000 to have a new shop built. Central Perk now wants to expand the building and renovate. The estimated cost of huge add on and renovation is $800,000. What is the amount that should be the initial cash flow for this project?