Aero Motorcycles is considering opening a new manufacturing facility in Fort Worth to meet demand for a new line of solar charged motorcycles (who wants to ride on a cloudy day anyway?) The proposed project has the following features; - The firm just spent $300,000 for marketing study to determine consumer demand (@ t=0). - Aero Motorcycles purchased the land the factory will be built on 5 years ago for $2,000,000 and owns it outright (that is, it does not have a mortgage). The land has a current market value of $2,600,000. - The project has an initial cost of $27,676,645 (excluding land, hint: land is not subject to depreciation). are $8,000,000) - The company's operating cost (not including depreciation) will equal 50% of sales. - The company's tax rate is 35 percent. - Use a 10-year straight-line depreciation schedule. - At t=10, the project is expected to cease being economically viable and the factory (including land) will be sold for $4,500,000 (assume land has a book value equal to the original purchase price). - The project's WACC =10 percent - Assume the firm is profitable and able to use any tax credits (i.e. negative taxes) .0 What is the project's outflow at t=0 ? Answer to the nearest whole dollar value