Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $730,000. Today, that lot has a market value of $860,000. At the time of the purchase, the company spent $44,000 to level the lot and another $4,700 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,260,000.

What amount should be used as the initial cash flow for this project?

$-2,034,000

$-2,120,000

$-1,260,000

$-1,990,000

$-2,164,000

Answer rating: 100% (QA)

The initial cash flow for this project is ... View the full answer