Wild Coast Wind Turbines has spent R400,000 per year for the last three years developing a new wind powered turbine for domestic use They have paid a marketing firm R200,000 to research the potential market and will pay them an annual retainer of R30,000 to develop and oversee their marketing strategy The marketing firm projects net operating cash flows from the new product of R800,000 per year for the next five years Production will require an investment of R600,000 in machinery and R125,000 in net working capital Wild Coast Turbines plans to build a small factory on a piece of land it owns in the Eastern Cape worth R500,000 which it purchased two years ago for this purpose The firms head office overheads, which are currently R64,000 per year will increase to R78,000 with the new facility The firm estimates that about 20 of the customers purchasing the new turbine would have bought their existing product What would the initial outlay be for this project