A company making plastic car parts buys new molding machines to expand its production capacity. The machines cost $3000000, with additional charges for delivery and installation totaling $32541. Employees will have to be trained to use the new machines, at the cost of $22950. With the increased production, accounts payable will go up by $40277, inventory by $44137, and accounts receivable by $67534 at the outset. These changes in the working capital will be recaptured at the end of the project's life of 5 years. The depreciable life of the machines is 10 years, and the company uses straight-line depreciation. The increased production will increase the sales revenue by $2000000 and the costs ,including depreciation, by $583259 per year in each of the next 5 years. The company expects to sell the machines after five years for $407713. The company's tax rate is 20% and its cost of capital is 12%. Compute initial cash outlay