Jefferson Industries is considering an expansion. The necessary equipment would be purchased for $10 million, and it would also require an additional $1.5 million investment in working capital. The tax rate is 35 percent. Last year, the company spent and expensed $400,000 on research related to the project. The company plans to house the project in an unused building it owns. If the building were sold, it would net $1.4 million after taxes and real estate commissions. What is the initial investment outlay for this project?