Myers Storage purchased a parcel of land four years ago at a cost of $112,600. Today, the land has a market value of $136,600. At the time of the purchase, the company spent $8,400 to grade the land and another $11,500 to install electrical access. The company now wants to build a new facility on the site at an estimated cost of $522,700.

What amount should be used as the initial cash flow for this project?

$522,700

$655,200

$542,600

$659,300

$679,200