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{.}5$ 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{.}3$ million. The company now wants to

build its new manufacturing plant on this land; the plant will cost $$22\mathrm{.}5$ million to build, and the site requires $$1,000,000$ 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?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number,

e$.$g$.,1,234,567.$