IB Inc wants to use a lot it currently owns in a new project. The initial cost of the land was $257,000 and it is currently valued at $205,000. IB has some unused equipment that it currently owns valued at $108,000 that could be used for this project if $63,000 is spent fon equipment modifications. Other, new assets costing $97,000 will also be required. What is the amount of the initial cash flow for this expansion project? Enter you answer in thousands of dollars, rounded to 0 decimal places. Leave out the "$" sign, and enter the CF as a positive number; e.g., a cash in- or outflow of plus or minus $567,987 should be entered as 568.