ABC purchased a corner lot in Ultimo years ago at a cost of $1,191,634. The lot...

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ABC purchased a corner lot in Ultimo years ago at a cost of $1,191,634. The lot was recently appraised at $2,686,581. At the time of the purchase, the company spent $17,053 to grade the lot and another $42,250 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 $1,310,620. What amount should is the initial cash flow for this building project? [Fill a positive number] ABC purchased a corner lot in Ultimo years ago at a cost of $1,191,634. The lot was recently appraised at $2,686,581. At the time of the purchase, the company spent $17,053 to grade the lot and another $42,250 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 $1,310,620. What amount should is the initial cash flow for this building project? [Fill a positive number]

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