SciTE Industries purchased a corner lot in five years ago at a cost of $671 thousand. The lot was recently appraised at $888 thousand. At the time of the purchase, the company spent $42 thousand to grade the lot and another $16 thousand 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 $1.26 million. What amount should be used as the initial cash flow for this building project?