You Are Given the Following Information on a Project $\bullet$ Initial Capital Cost = $500,000

You are given the following information on a project:
$\bullet$ initial capital cost = $500,000
$\bullet$ installation costs associated with the capital asset = $25,000
$\bullet$ R&D costs already incurred = $50,000
$\bullet$ estimated salvage on equipment to be replaced = $80,000
$\bullet$ increase in raw materials inventory = $10,000
What is the initial cash outlay of the project?

A) $535,000
B) $590,000
C) $615,000
D) $665,000