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A project will use equipment that will cost $400,000, with an additional $75,000 for delivery and installation

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A project will use equipment that will cost $400,000, with an additional $75,000 for delivery and installation. Current assets will need to increase by $65,000, while current liabilities will not change. An extension to a building to house the equipment is also necessary, with a cost of $500,000. A computer system that is not related to the project will be sold for a salvage value of $75,000, book value $20,000. Your tax rate is 40%. What is the Initial Outlay for the project?