Sarah's City bakery purchased a Lon in Oklahoma City 3 years ago at a cost of $250,000. Today, that lot has a market value of $284,000. At the time of the purchase, the company spent $8,000 to level the lot and another $10,000 to install storm drains. The company now wants to build a new facility on that site. The building costs is estimated at $1.2 million. What amount should be used as the initial cash flow for this project?