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Frodo Corp, parchased a corner lot in the Shire five years ago at a cost of $630.020 in order to seli gold jewetry to black-caped

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Frodo Corp, parchased a corner lot in the Shire five years ago at a cost of $630.020 in order to seli gold jewetry to black-caped men with questionabie attifudes The lot was recently appraised at $1,181,965. At the tipe of the purchase, the company spent $50.000 to grade the lat and another $4,000 to build a small bulding on the lot to house a parking fot attendant who has overseen the use of the fot foc daily commuter parkine The company now wants to build a new robail store on the site. The building cost is estimated at $1,155,238. What amount should be used as the initiat cash flow foc this building project

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