ABC Industries is considering an expansion. The necessary equipment wouldbe purchased for RM$18$ million, and the expansion would require an additionalRM$2$ million investment in net operating working capital. The tax rate is $40\%.$

$($i$)$ Compute the initial investment outlay.

$($ii$)$ The company spent and expensed RM$20,000$ on research related to theproject last year. Would this change your answer? Explain.

$($iii$)$ The company plans to use a building that it owns to house the project.The building could be sold for RM$1$ million after taxes and real estatecommissions. How would that fact affect your answer?