Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to

produce garden tools. The company bought some land six years ago for $$2\mathrm{.}8$ million in

anticipation of using it as a warehouse and distribution site, but the company has since

decided to rent these facilities from a competitor instead. If the land were sold today,

the company would net $$3\mathrm{.}2$ million. The company wants to build its new manufacturing

plant on this land; the plant will cost $$14\mathrm{.}3$ million to build, and the site requires

$$825,000$ worth of grading before it is suitable for construction. What is the proper cash

flow amount to use as the initial investment in fixed assets when evaluating this project?

$($Use cells A$6$ to B$9$ from the given information to complete this question. Enter a $"0"$ for any cost

that should not be included.$)$

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