Riverton Sails Is Considering Expanding Its Sail Production Operations to Include

Riverton Sails is considering expanding its sail production operations to include awnings.The expansion would use land currently valued at $898,000 that was purchased for $779,000 cash.The expansion would require modifications costing $18,400 to some unused equipment along with the purchase of $314,800 of new equipment.The unused equipment is debt-free,fully depreciated,and has a market value of $27,900.What is the Time 0 cash flow for this expansion project?

A) $1,231,200
B) $1,139,900
C) $333,200
D) $452,200
E) $1,259,100