Your company is estimating a project and you are considering the following costs:
Field study to decide if the project can be done: $10,000
Machinery and equipment: $160,000
Labor for, installation and tune up of equipment: $25,000
Financing costs: $1200
Required change in net working capital: $5000

For the purpose of calculating the NPV, what is the initial investment in year 0 of the project?

		- $ 165,000.
		- $ 200,000.
		- $ 201,200.
		- $ 190,000.
		- $ 185,000.