ABC Corporation is considering introducing a new product that will requre an invesetment of $15 million in Plant and Equipment. Shipping and installation costs are another $1 million. The new machine will also require an initial $2 million investment in net operating working capital. The plant and Equipment can be sold at the end of the project in year 5 for $4 million. The book value at the end of year 5 is $0. The tax rate is 21%. What is the initial investment outlay (year zero cash flow) if the product is launched ?