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Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $ 6 0 0 , 0 0 0 .

Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $600,000. Today, that lot has a market value of $840,000. At the time of the purchase, the company spent $50,000 to level the lot and another $3,600 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,090,000. What amount should be used as the initial cash flow for this project? $-1,930,0005-1,690,000$-1,090,000 $-1,740,0005-1,980,000uMoving to another question will save this response** Question 28 of 30

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