An international company that has operated in Vietnam for 5 years is looking for a new building in Ho Chi Minh, Vietnam to set up its Head Office. The company bought a block of land in District 2 three years ago for $1,200,000 as anticipated to build aware house. However, the company has decided to outsource the distribution channel. If the land is sold today, it has a value of $2,150,000. The company wants to build its new HO on this land. The site requires $115,500 worth of grading before it is suitable for construction.The constructionwillcost $3,150,000. The consulting cost relating to the land purchase is $11,500. Calculate the initial investment.