Given the following list of outlays, indicate whether each is normally considered a capital expenditure or an operating expenditure. Explain your answers.
a. An outlay of $27,600 for a marketing research report
b. A $275 outlay for an office machine
c. An outlay of $1,750,000 to purchase copyrights from an author
d. A $175,000 investment in a portfolio of marketable securities
e. An outlay of $4,000,000 for a major research and development program
f. An outlay of $3,200 for a new machine tool
g. An outlay of $3,450,000 for a new building
h. An initial lease payment of $12,575 for electronic point-of-sale cash register systems