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The Jacob Chemical Company is considering building a new potassium sulfate plant. The following cash outlays are required to complete the plant:

Year	Cash Outlay
0		$7,000,000
1		1,600,000
2		400,000

Jacobs cost of capital is 15 percent, and its marginal tax rate is 40 percent.

1. Calculate the plants net investment (NINV). Use Table II to answer the questions. Round your answer to the nearest dollar.

$

1. What is the installed cost of the plant for tax purposes? Round your answer to the nearest dollar.

$