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pantera1 [17]
3 years ago
8

Franklin Corporation is considering an expansion project. The necessary equipment could be purchased for $15 million and shippin

g and installation costs are another $500,000. The project will also require an initial $2 million investment in net operating working capital. If the company's tax rate is 40%, what is the project's initial investment outlay (in millions)?
Social Studies
1 answer:
Jlenok [28]3 years ago
8 0

Answer:

$17.5 million.

Explanation:

to get the initial investment outlay, add up all the initial expenses. the 40% tax is not considered since only outputs or revenues are taxed.

initial investment outlay = 15 million + 0.5 million + 2 million

                                        = 17.5 million dollars

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