BJS Corporation is considering the purchase of a high-speed lathe that has an invoice price of $250,000. The cost to ship the lathe to BJS 's factory is $10,000, and the existing facilities will require modifications that are expected to cost $20,000. The machine will be depreciated on a straight-line basis over its useful life of 10 years, assuming no salvage value.BJS Corporation is planning on paying for the lathe using a line of credit at the bank that has an interest rate of 6 percent per year.The lathe is expected to increase production and sales.Sales are expected to increase by $100,000 per year.Inventory and accounts receivable balances are expected to increase by $10,000 and $20,000, respectively.Expenses to operate the lathe are $25,000 per year.BJS.'s marginal tax rate is 40%. Determine the initial outlay required to fund this project.