Q1) Relevant Cash Flows. Kenny, Inc., is looking at setting up the new making plant in South Park. Company purchased some land 6 years ago for $7 million in anticipation of using it as the warehouse and distribution site, but company has since decided to rent facilities elsewhere. Land would net $9.8 million if it were sold today. Company now wishes to make its new manufacturing plant on this land; plant will cost= $21 million to build, and site needs $850,000 worth of grading before it is appropriate for construction. Determine the proper cash flow amount to use as initial investment in fixed assets when estimating this project? Describe why?