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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

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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 $890,000. At the time of the purchase, the company spent $46,000 to level the lot and another $4,800 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,030,000 What amount should be used as the initial cash flow for this project? O $-1,920,000 o $-1,590,000 O $-1,966,000 o $-1,030,000

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