Investment Outlay

Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $\backslash (\backslash$$ $11\backslash )$ million, and production and sales will require an initial $\backslash (\backslash$$ $1\backslash )$ million investment in net operating working capital. The company's tax rate is $\backslash (25\backslash \%\backslash ).$ Enter your answers as a positive values. Enter your answers in millions. For example, an answer of $\backslash (\backslash$$ $10,550,000\backslash )$ should be entered as $10\mathrm{.}55.$ Round your answers to two decimal places.

a$.$ What is the initial investment outlay?

$\backslash (\backslash$$ $\backslash )$ million

b$.$ The company spent and expensed $\backslash (\backslash$$ $150,000\backslash )$ on research related to the new project last year. What is the initial investment outlay?

$\backslash$$ million

c$.$ Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $\backslash (\backslash$$ $1\mathrm{.}5\backslash )$ million after taxes and real estate commissions. What is the initial investment outlay?

$\backslash (\backslash$$ $\backslash )$ million