Fenix Inc. purchased a lot in Atlanta ten years ago at a cost of $790,000. Today, that lot has a market value of $1.2 million. At the time of the purchase, the company spent $100,000 to grade the lot and another $20,000 to build a small garage the lot to house additional equipment. The company now wants to build a new facility on the site. The building cost is estimated at $1.82 million. What amount should be used as the initial cash flow for this project? a. -$2,610,000 b. -$3,690,000 O c. -$2,900,000 O d. -$2,490,000 O e. -$3,020,000