2. You are an analyst for JBI Rocket Company. You have been asked to help determine the initial cash flow for a project. You have worked with people across the organization and came up with the following elements that impact the project: Equipment originally bought for $100,000, book value of $25,000 and an estimated current market value of $55,000. Developed a prototype a year ago at a cost of $1,000,000. Working capital needed (raw materials, etc.) of $400,000. Expected costs in year 2 of a consultant to analyze key performance metrics--$50,000. What is the initial cost of the project?

2. You are an analyst for JBI Rocket Company. You have been asked to help determine the initial cash flow for a project. You have worked with people across the organization and came up with the following elements that impact the project: - Equipment originally bought for $100,000, book value of $25,000 and an estimated current market value of $55,000. - Developed a prototype a year ago at a cost of $1,000,000. - Working capital needed (raw materials, etc.) of $400,000. - Expected costs in year 2 of a consultant to analyze key performance metrics- $50,000. What is the initial cost of the project