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Justin's Manufacturing purchased a lot in Lake City ten years ago at a cost of $ 7 9 0 , 0 0 0 . Today,

Justin's Manufacturing purchased a lot in Lake City 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 on the lot to house additional equipment. The company now wants to build a new facility on the site. The building cost is estimated at $1.7 million. What amount should be used as the initial cash flow for this project?
-$2,490,000
-$2,610,000
-$2,900,000
-$3,020,000
-$3,690,000
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