A firm has the opportunity to invest in a new device that will replace two of the firm's older machines. The new device cost $570,000 and requires an additional outlay of $30,000 to cover installation and shipping. The new device will cause the firm to increase its net working capital (NWC) by $20,000. Both of the old machines can be sold, the first for $100,000 (book value is $95,000) and the second machine for $150,000 (book value is $75,000). The original cost of the first machine was $200,000 and the original cost of the second was $140,000. The firm's tax rate is 40%. Compute the net investment for this project.