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Kellys Corner Bakery Purchased a lot in Oil City six Years ago at a cost of $98,700. Today, that lot has a market value of

Kellys Corner Bakery Purchased a lot in Oil City six Years ago at a cost of $98,700. Today, that lot has a market value of $128,900. At the time of the purchase, the company spent $6,500 to level the lot and another $12,000 to install storm drains. The company now wants to build a new facility on the site at an estimated cost of $494,200. What amount should be used to initial cash flow for this project?

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