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Sraw Rats Co. is a Norwegian company that manufactures vermin control products. They just acquired a $1.17M land to install a new line of production.

Sraw Rats Co. is a Norwegian company that manufactures vermin control products. They just acquired a $1.17M land to install a new line of production. This new line requires the company to buy a machine that has a price of $828.5K. The new line of production will cause the inventories to increase in $156K, and the Accounts Payable to increase in $108K. Calculate the total initial investment of this project.

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