You just received a report from consultants you had previously hired, along with their $50,000 invoice. The report informs you that the expansion project you asked them to study will require the acquisition of a major equipment for $800,000 with $20,000 installation cost, a net inventory increase of $150,000, and a net after-tax loss of $100,000 due to the shift from current production. What is the initial investment of this expansion project?

		A. $950,000
		B. $1,070,000
		D. $1,100,000
		C. $1,120,000