A. XYZ Corp. is considering introducing a new 90 flat screen television/monitor for the consumer market. The company will have to purchase a new machine to produce the screens. The machine's invoice price would be $1,700,000. The company anticipates that the machine will last for four years and then have no salvage value. Last year, a market research study for the new product cost $2,000,000. If the company goes ahead with the proposed product, it will have an effect on the company's net working capital. At the outset (i.e., at t=0 ), inventory will increase by $390,000 and accounts payable will increase by $90,000. At t=4, the net working capital will be recovered after the project is completed. What is the initial investment for the project