Parker & Stone, Incorporated, 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 $$8\mathrm{.}7$ million in anticipation of using it as a warehouse and

distribution site, but the company has since decided to rent facilities elsewhere. If the land were sold today, the

company would net $$11\mathrm{.}5$ million. The company now wants to bulld its new manufacturing plant on this land; the

plant will cost $$22\mathrm{.}7$ million to build, and the site requires $$1,020,000$ worth of grading before it is sultable for

construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating

this project?

Note: Do not round Intermedlate calculations and enter your answer In dollars, not millions, rounded to the

nearest whole number, e$.$g$.,1,234,567.$

The answer I gave for cash flow is wrong in the box