Question 35 (4 points) Johnson Inc. finally decided to undertake an expansion project which involved $2 million of R&D expenses in the previous two years before the project. The necessary equipment could be purchased for $9 million, and the project would also require an initial $3 million investment in net operating working capital and $0.5 million for installation and testing. What is the project's initial investment outlay? (Chapter 11) 12 million O 11.5 million 14 million 12.5 million 14.5 million