A 3-year project requires the acquisition of equipment that cost $5.4 million (including shipping and installation) and a $1,260,000 structure to be built on a plot of land Whose current appraised value $324,000. If the project takes off, it will require an initial investment of $360,000 in NWC. The project manager has received a guarantee from the parent company that, in three years, it will repurchase the structure (including the plot of land) at $1,440,000 (with no tax implication since it is an internal transaction). Assume no depreciation expense for the structure. The project manager estimates that the salvage value of the equipment at $3,420,000 at the end of year three. Assume 25% tax rate.

Calculate the initial outlay needed to start the project:

Answer: $7,344,000 This is the answer I just need the math