uarry Inc. is currently assessing a project that will result in a new line of products. This new product line was developed last year at a cost of $1,500,000. The project's life is eight years. A new factory will be built at an estimated cost of $6,500,000. The company will use existing land that it purchased four years ago. The original cost of the land was $500,000. Today, the land could be sold for $950,000. Taxes payable on the land if disposed of today would be $45,000. New equipment will also be purchased for a total cost of $7,200,000. The company will use existing equipment that has been idle for the past year and has no other use nor any salvage value. The net book value of the idle equipment is $310,000. The company will need to invest $300,000 in working capital to fund the new factory. Quarry's marginal income tax rate is 20%. What is the total amount for the cash outflows related to the initial investments for this project? A. $14,905,000 B. $14,500,000 C. $16,405,000 D. $14,915,000