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Question $33$

$3$ pts

Sarah's City Bakery purchased a lot 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 cost is estimated at $$1\mathrm{.}2$ million. What amount should be used as the initial cash flow for this project?

$-$$$1,502,000$

$-$$$1,294,000$

$-$$$1,450,000$

$-$$$1,484,000$

$-$$$1,736,000$

Question $34$