Parker \& Stone, incorporated, is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 8 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 wore sold today, the compary would net $9.6 million. The company wants to bulld its new manufocturing plant on this land; the plant will cost $16.2 million to bulld, and the siterequires $1,152,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? Multiple Choice $28,299,600 $26.952.000 $24,648,000 $25,800000 322.273 .920