Thaler & Co$.$ has a flotation adjusted capital outlay of $$27,500,000$ for its project. They plan to depreciate their asset at $$3,000,000$ per year, for its useful life. The project requires a $$3,500,000$ increase in accounts receivable, a $$10,800,000$ increase in inventory, and a $$5,500,000$ increase in accounts payable. Thaler has a $21\%$ tax rate.

What should Thaler recognize as its cash flow in year $0,$ at the start of the project?

$$47,300,000$

$$50,300,000$

$$18,700,000$

$$33,300,000$

$$36,300,000$