Question: Back to Assignment Attempts: Average: 73 1. Problem 12.01 Click here to read the book: Analysis of an Expansion Project REQUIRED INVESTMENT Tannen Industries is

Back to Assignment Attempts: Average: 73 1. Problem 12.01 Click here to read the book: Analysis of an Expansion Project REQUIRED INVESTMENT Tannen Industries is considering an expansion. The necessary equipment would be purchased for $19 million, and the expansion would require an additional $3 million Investment in net operating working capital. The tax rate is 40%. a. What is the initial investment outlay? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered 13,000,000

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