Question 19 5 pts Your firm paid $500,000 for undeveloped land several years ago and then spent $350,000 to build a small retail building on the property. A recent appraisal set the current value of $950,000 on the property and structure. Today, your project team proposes a much larger investment on the property with a retail building that would cost $2.75 million. What amount should your team use as the initial cash outflow for the new project? O $3,600,000 O $3,250,000 O $3,700,000 O $2,750,000