A firm has an opportunity to invest in a new device that will replace two of the firms older machines. The new device costs $510,000 and requires an additional outlay of $10,000 to cover installation and shipping. The new device will cause the firm to increase its net working capital by $20,000. Both of the old machines can be soldthe first for $110,000 (book value equals $105,000) and the second for $140,000 (book value equals $115,000). The original cost of the first machine was $210,000, and the original cost of the second machine was $130,000. The firms marginal tax bracket is 40 percent. Compute the net investment for this project. Round your answer to the nearest dollar.

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