Given the following information, what is the initial cash flow?

Purchase and install new equipment $==>$ $$1069,000$

Sale Price of old Equipment $==>$ $$420,000$

Book Value of old equipment $==>$ $$123,000$

At time of installation, inventory will increase by $$454,000$ and accounts payable will increase by $$330,000.$

The tax rate is $40\%.$