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annen Industries is considering an expansion. The necessary equipment would be purchased for $20 million, and the expansion would require an additional $1 million investment
annen Industries is considering an expansion. The necessary equipment would be purchased for $20 million, and the expansion would require an additional $1 million investment in net operating working capital. The tax rate is 40%.
What is the initial investment outlay? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000. $
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