lion oil company purchased a lot in pacific beach 6 years ago at a cost of $500,000. today, that lot has a market value of $850,000. at the time of the purchase, the company spent $26,000 to level the lot and another $26,000 to install storm drains. the company now wants to build a new facility on that site. the building cost is estimated at $1.55 million. what amount should be used as the initial cash flow for this project?