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

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Parker \& Stone. Incorporated, is looking at setting up a new manufacturing plant in South Park to produce garden tools. The compony bought some land six years ago for $87million in anticipotion of using It as a warehouse and distribution site, but the cornpany has. since decided to rent facilities elsewhere If the tand were sold today, the compary would net $11,5 milifon. The company now wants to buld its new manufacturing plant on this land; the plant will cost $227 million to build, and the site reguires $1,020,000 worth of grading before it is sultable for construction. What is the proper cash flow amount to use as the initial investinent in fixed assets wifien evaluating this project? Note: Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the neorest whole number, 0.94,1,234,567

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