A new project you are reviewing will generate an operating cash flow of $129,000. The project will free up $32,500 in net working capital. Initially, the project will require $450,000 in initial investment. What is the total cash flow for this project at time zero

Choices:

1)

-$417,500

2)

-$450,000

3)

-$482,000

4)

-$482,500