Con Enterprises is considering a new project. The project will require $325,000 for new fixed assets, $95,000 for net working capital and long-term debt is expected to increase by $300,000. The project has a 5-year life. What is the initial investment outlay of this project?

A) 420,000

B) 720,000

C) 325,000

D) 95,000

E) 520,000