BoeBus Air is considering increasing production of the 525 Airliner at their South Carolina assembly plant. You have been provided the following pieces of information:

a. The expansion will require the purchase of machinery costing $50,000,000. b. The firm has spent $250,000 to train workers to use the new machinery. c. The sales from this project will be $18 million per year. d. Operating costs will increase by $3.6 million per year. e. The firm uses straight-line depreciation. The project has an economic life of 20 years. The machinery will be fully depreciated and will have a salvage value of $5,000,000. f. Because of the project, the firm will need additional net operating working capital of $3,500,000, which can be liquidated at the end of 20 years. i. The firm's marginal tax rate is 40%.

The project's initial investment outlay (CF0) is $_____. If your answer is 1.23 dollars then input 1.23 in the answer box. (Ignore the sign, just answer the dollar amount.)