Lowes is looking at setting up a new manufacturing plant in Columbusto produce widgets. The company bought some land 5 years ago for $6.4 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold todaythe company would not $4 millionThe company wants to build its new manufacturing plant on this landthe plant will cost $9.8 million to build, and the site requires $965,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the investment in fixed assets when evaluating this project?

17,165,000

6,400,000

9,800,000

14,765,000