1. A capital expenditure project is that involves purchasing new equipment costing $20,000, with an additional $1,500 charge for delivery Installation of the equipment is expected to be 54,000. The 10 points equipment has an expected life of 5 years and an estimated salvage value of $5,000. The proposed project will require an additional working capital investment of $3,000. Revenues for the project are forecasted to be $30,000 per year and cash expenses are expected to be $12.000. The firm has a 40% marginal tax rate and a 9% weighted average cost of capital (WACC). Calestate the initial Cash Outlay for the proposed project $28,500 b $39,900 S40,500 $44,145 None of the listed items is correct