Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $660,000. The lot was recently appraised at $720,000. At the time of the purchase, the company spent $32,000 to grade the lot and another $3,800 to build a small building on the lot to house a parking lot attendant who has overseen the use of the lot for daily commuter parking. The company now wants to build a new retail store on the site. The building cost is estimated at $1,170,000. What amount should be used as the initial cash flow for this building project?

$1,890,000

$1,837,000

$1,830,000

$1,897,000

$1,893,200