eBook Investment Outlay Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $15 million, and production and sales will require an

initial $2 million investment in net operating working capital. The company's tax rate is 25%. Enter your answers as a positive values. Enter your answers in millions.

For example, an answer of $10,550,000 should be entered as 10.55. Round your answers to two decimal places.

What is the initial investment outlay? $ million