Question 21 Consider the following proposed project for Regal Corp. . Cost of new equipment: $180,000 Shipping/Installation: $20,000 Change in Net Operating Working Capital: $40,000 New sales per year: $150,000 New operating costs per year: $70,000 Economic life: 4 years Depreciable life: MACRS 3-year class (33%, 45%, 15%,7%) Salvage value: $14,000 Tax Rate: 25% WACC: 9% . . What is the total initial year investment outlay, or FCF? $180,000 $240,000 $200,000 $305,000