Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $6 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 today, the company would net 56.3 million. The company wants to build its new manufacturing plant on this land, the plant will cost $13.5 million to build, and the site requires 5870,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the Initial investment in foed assets when evaluating this project? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) Cash flow amount Hints References eBook & Resources Hint 1 PM Winnebagel Corp. currently sells 36,000 motor homes per year at $74,000 each, and 15,000 luxury motor coaches per year at $111.000 each. The company wants to introduce a new portable camper to fill out its product line, it hopes to sell 31,000 of these campers per year at $17,000 each. An independent consultant has determined that if Winnebagel introduces the new campers, it should boost the sales of its existing motor homes by 2.400 units per year, and reduce the sales of its motor coaches by 1,100 units per year. What is the amount to use as the annual sales figure when evaluating this project? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) Annual sales $ Hints References eBook & Resources