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 $4.9 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilties from a competitor instead If the land were sold today, the company would net $5.2 million. The company wants to build its new manufacturing plant on this land; the plant will cost $12.4 million to build, and the site requires $760,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as thq-initial investment in fixed assets when evaluating this project? (Do not round intermediste calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)