Sea Maters Inc. Purchased a lot in Phenix City 6 years ago at a cost of $270,000. Today, that lot has a market value of $540,000. At the time of the purchase, the company spent $9,000 to improve the site for a future use. The company now wants to build a nee fability on that site. The actual construction cost is estimated at $1.3 million. What amount should be used as the initial cash outflow (Cf0) for this project? Put a positive dollar amount, and round it to a whole dollar.