The new proposed project needs to use an expensive medical equipment that is already owned by the company. The purchase price of this equipment is $615,000. The company also spent $85,000 to update its operating software. The equipment recieved a recent market bid from an interested buyer of $779,000. The current book value of $550,000. If the company decides to use this equipment for the new project , what value should we use for this equipment to be included in the initial cash flow of the project ? O $779,000 O $615,000 O $550,000 O $700,000