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 $760,000. At the time of the purchase, the company spent $57,000 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 $1,150,000. What amount should be used as the initial cash flow for this project? rev: 10_12_2016_QC_CS-65482

$-1,910,000

$-1,150,000

$-1,967,000

$-1,807,000

$-1,750,000