Fruity Fruits Ltd$.$ currently sells $$25$ million annually of apple juice in $1$ litre containers and $$10$ million of individually packaged dried fruit snacks. The company wants to introduce a $230$ mL single$-$serving blueberry$$apple juice product next year. A $$200,000$ feasibility study just completed estimated yearly sales of $$12$ million for the new juice. Sales of the company$$s existing apple juice would fall by $$2$ million as some existing customers would switch to the new beverage; however, sales of the snack product would increase by $10\%$ due its complementary nature to the new product. The company has unused land it can use, which was purchased two years ago for $$500,000.$ That land could currently be sold for $$700,000.$ There is concern that the blueberry bushes needed for the project are located next to a creek and pesticides used may leach into the creek. One$-$time environmental costs to keep the creek clean are $$250,000.$ Building and equipment costs for the new project are $$1,000,000.$ What is the initial investment and first$-$year cash inflow for this projec