Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $560,000. Today, that lot has a market value of $820,000. At the time of the purchase, the company spent $47,000 to level the lot and another $4,500 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,100,000. What amount should be used as the initial cash flow for this project?