Alpha Inc. wants to start a new project which requires a new machine. The machine costs $5 million and the cost to install it is $1 million. The machine would be installed on a piece of land which the company bought for $7 million. The market value of the land today is $10 million dollars. The R&D expenses relating to the new project are $1.50 million dollars. The inventory would go up by $1 million dollars for the new project. What is the initial cash flow associated with the new project?