Bryson Sciences is planning to purchase a high-powered microscopy machine for $387,000 and incur an additional $30,900 in installation expenses. It is replacing older microscopy equipment that can be sold for $117,000, resulting in taxes from a gain on the sale of $42,600. Because of this transaction, current assets will increase by $20,000 and current liabilities will increase by $5,700. Calculate the initial investment the high-powered microscopy machine. The initial investment is $ (Round to the nearest dollar.)