Kelly's Corner Bakery purchased a lot in Oil City six years ago at a cos $278,000. Today, that lot has a market value of $264,000. At the tim purchase, the company spent $6,000 to level the lot and another $8. install storm drains. The company now wants to build a new facility site. The building cost is estimated at $1.03 million. What amount sh used as the initial cash flow for this project? A. -$1,308,000 B. $1,294,000 C. $1,322,000 D. $1,016,000 E. $1,045,000