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Business, 01.07.2019 23:10 priceisright11401

Marshall's purchased a corner lot five years ago at a cost of $498,000 and then spent $63,500 on grading and drainage so the lot could be used for storing outdoor inventory. the lot was recently appraised at $610,000. the company now wants to build a new retail store on the site. the building cost is estimated at $1.1 million. what amount should be used as the initial cash outflow for this building project?

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