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Samson's purchased a corner lot five years ago at a cost of $ 6 4 0 , 0 0 0 . The lot was recently
Samson's purchased a corner lot five years ago at a cost of $ The lot was recently appraised at $ At the time of the purchase, the company spent $ to grade the lot and another $ to build a small building on the lot to house a parking lot attendant who has overseen the use of the lot for daily commuter parking. The company now wants to build a new retail store on the site. The building cost is estimated at $ million. What amount should be used as the initial cash flow for this building project?
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