Problem 13-1 Investment Outlay Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $9 million, and production and sales will require an initial $3 million investment in net operating working capital. The company's tax rate is 30%. a. What is the initial investment outlay? Write out your answer completely. For example, 2 million should be entered as 2,000,000 $11000000 Problem 13-2 Operating Cash Flow The financial staff of Cairn Communications has identified the following information for the first year of the rol out of its new proposed service Projected sales Operating costs (not including depreciation) Depreciation Interest expense The company faces a 30% tax rate, what is the project's operating cash flow for the first year (t-1)? write out your answer completely. For example, 2 million should be entered as 2,000,000. $25 million 10 million 6 million 4 million Problem 13-3 Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $17 million, of which 85% has been depreciated. The used equipment can be sold today for $5.1 million, and its tax rate is 30%, what is the equipment's after-tax net salvage value? write out your answer completely. For example, 2 million should be entered as 2,000,000