Winter Blues, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $688000. The fixed asset will be depreciated straight-line to 55000 over its 3-year tax life, after which time it will have a market value of $111000. The project requires an initial investment in net working capital of $75000. The project is estimated to generate $189000 in annual sales, with costs of $157000. The tax rate is O.35 and the required return on the project is 0.12. What is the total cash flow in year 0? -$785,000 -$763000 -$688,000 -$850,000