Alexander Industries is considering a project that requires an investment in new equipment of $3, 600,000, with an additional $180,000 in shipping and installation costs. Alexander estimates that its accounts receivable and inventories need to increase by $720,000 to support the new project, some of which is financed by a $288,000 increase in spontaneous liabilities (accounts payable and accruals) The total cost of Alexander's new equipment is _____ and consists of the price of the new equipment plus the ______. In contrast, Alexander's initial net investment outlay is ________. Suppose Alexander's new equipment is expected to sell for $600,000 at the end of its four-year useful life, and at the same time, the firm expects to recover all of its net working capital investment. The company chose to use straight-line depreciation, and the new equipment was fully depreciated by the end of its useful life. If the firm's tax rate is 40%, what is the project's total termination cash flow? $672,000 $360,000 $792,000 $600,000