Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $4,020,000. The fixed asset will be depreciated straight-line to zero over its four-year tax life. The project is estimated to generate $2,110,000 in annual sales, with costs of $805,000. The project will require a $190,000 increase in inventory and $70,000 increase in accounts payable at t=0. Last year, a market research study for the new product cost $2 million. The tax rate is 35 percent and the required return is 12 percent. What is the project's Year 0 initial investment? $4,140,000 $6,280,000$6,120,000$6,020,000 $6,140,000