2

(CB CFs) You are analyzing the purchase of new equipment. Since you are not an expert on this type of equipment, you hire a consulting firm to make recommendations. The consultant charged you $2103 and recommended the purchase of the Latest model from ACME Corp. of America. The equipment costs $81796, and it will cost another $9937 to modify it for special use by your firm. The equipment will be depreciated on a straight-line basis over 6 years with no salvage yalue. You expect the equipment will be sold after 4 years for $25300, Use of the equipment will require an increase in your company's net working capital of $4558, but this $4558 will be recovered at the end of year 4 . The use of the equipment will have no effect on revenues, but it is expected to sive the firm $49025 per year in before-tax operating costs. Your company's marginal tax rate is 26W.Whatis the initial outlay required to fund this project, to the nearest dollar