Alpha Manufacturing is contemplating the replacement of existing machinery to increase their annual output capacity. The new machinery and equipment are estimated to cost $631444 in total, with an additional $72330 required for shipping and installation. The project would necessitate the firm to increase their net working capital by $66838 initially, as well as undertake additional staff training for $12423. The existing machinery has been fully depreciated, having originally cost the firm $372785, and could be sold for $105109. The firms marginal tax rate is 30 percent and cost of capital is 6 percent.

What is the net investment for this project?