The building cost is estimated at 1180000 what amount, Financial Management

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The building cost is estimated at 1180000 what amount

Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $560,000. Today, that lot has a market value of $800,000. At the time of the purchase, the company spent $48,000 to level the lot and another $4,900 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1,180,000. What amount should be used as the initial cash flow for this project?

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