5 Initial Outlay $50 million Year 1 $10 million Year 2 $20 million Year 3 $20 million Year 4 $10 million Year 5 $5 million The required rate of return is 15%. If the firm wants to make the profitability index equal to 1 for Project Alpha, the initial outlay has to be: Round to the nearest hundredth million without a dollar sign. (i.e. if your answer is $12.34 million, then type 12.34 as your answer.)