Regarding acronym, Think Beatles...
Rod: Temple Forks Outfitters, Axiom II, 8 wt., Glenn Blackwood, Great Lakes Fly Fishing Company, unraveler par excellence: $339.85.
Reel: Cabela's WLX, bought with points: $0.00 (that's a Lamson 8 wt. reel, if you're not familiar with the sub-context)
Line: Rio InTouch Single Hand Spey Line 3D , 8 wt., bought with Cabela's points: $0.00.
Leader, 6 ft, Maxima 55 lb. leader + 18" Tyger Leader, 30#, $2.73, components (parts and stuff) Brian Smolinski, Lund's Fly Shop, River Falls, WI.
Mustad twist lock: Wild ass guess, $0.25.
Fly: Me, about $2.50 with materials and time.
So, maybe, $350.00 if you tip the waitress heavily.
Will catch pikeandbass; not debatable...will likely catch musky...
Fly fishing's not nearly as expensive as some folks wanna make it seem...