5. A bank in comudering a capital expenditure project that will involve purchasing new equipment costing $7,000, with an additional $2,000 charge for delivery. Installation of the equipment is expected to be 53,000. The equipment has an expected life of 3 years and an estimated salynge value of $3,500. The proposed project will require an additional working capital investment of $2.500 Resenues for the project are forecasted to be $9,000 per year and cash expenses are expected to be $3,000. The bank has a 40% marginal tax rate and has a 9% weighted average cost of capital (WACC). Calculate the initial Cash Outlay for the proposed project. $14,500 $17.500 oc 58,500 $20,300 Noot of the lusted mis correct