Ch $10]$ Ehlert Motors purchased a lot in Orson, Indiana $5$ years ago at a cost

of $$120,000.$ Immediately after the purchase, Ehlert Motors spent $$4,500$ to

grade and level the lot and another $$7,000$ to install a drainage system. The

current market value of lot is $$180,000.$ The company now wants to build a new showroom and car lot on the site at an estimated cost of $$800,000.$ What amount should be used as the initial CAPEX cash flow for this project?