Marshall's & Co$.$ purchased a corner lot in Montreal five years ago for a cost of $$640,000.$ The lot was recently appraised at $$810,000.$ At the time of the purchase, the company spent $$50,000$ to grade the lot and another $$4,000$ 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\mathrm{.}2$ million. What amount should be used as the initial cash flow for this building project?

Multiple Choice

$$1,200,000$

$$1,840,000$

$$1,890,000$

$$2,010,000$

$$2,060,000$