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Parker & Stone, Incorporated, is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some iand

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Parker \& Stone, Incorporated, is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some iand six years aga for $8.4mmilion in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilies elsewhere ff the land were sold today, the company would net $11.2 milion. The company now wants to build is new manufacturing plant on this land, the plant wil cost $224 milion to buld, and the site requires 5990.000 worth of grading before it is sutable for construction. What is the proper cash flow amount to use as the initial investment in fored assets when evaluating this project? Note: Do not round intermediste ediculotiont ond enter your onswer In doltors, not mittloks, rounded to the nearest whole number, e1,1,234,567

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