albot Industries is considering launching a new product. The new manufacturing equipment will cost $10 million, and roduction and sales will require an initial $1 million investment in net operating working capital. The company's tax rat $25%. Enter your answers as positive values. Enter your answers in millions. For example, an answer of $10,550,000 hould be entered as 10.55 . Round your answers to two decimal places. a. What is the initial investment outlay? $million b. The company spent and expensed $150,000 on research related to the new product last year. What is the initial investment outlay? $ million c. Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.9 million after taxes and real estate commissions. What is the initial investment outlay? $ million