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Question 3 (of 25 Save & Exit Submit value 1.00 points MC Qu. 47Kelly's Corner Bakery purchased a lot.. Kelly's Corner Bakery purchased a lot in Oil City five years ago at a cost of $630,000. Today, that lot has a market value of $780,000. At the time of the purchase, the company spent $41,000 to level the lot and another $4,500 to install storm drains. The company now wants to build a new facility on that site. The building cost is estimated at $1.020,000. What amount should be used as the initial cash flow for this project? O $-1650.000 O $-1020,00o $-1,841,000 $-1,800,000 $1.691,000
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