Question 1 (0.5 points) Holt Bolts, Inc. is considering building a new factory. The company bought vacant land in the city 25 years ago for $550,000 on which the new factory could be built. However, a residential property developer has made the company an offer to buy the land for $3,000,000 if it decides not to build a factory on the site. It would cost $3,000,000 to build the factory. What would the Initial Investment (cash flow in Year 0) be for purposes of calculating whether or not to build the factory? $6,550,000 $3,000,000 $3,550,000 $5,450,000 $6,000,000