Question
Required investment Truman Industries is considering an expansion. The necessary equipment would be purchased for $8 million, and the expansion would require an additional $4
Required investment
Truman Industries is considering an expansion. The necessary equipment would be purchased for $8 million, and the expansion would require an additional $4 million investment in net operating working capital. The tax rate is 40%.
What is the initial investment outlay? Round your answer to the nearest cent.
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Energy Finance And Economics Analysis And Valuation Risk Management And The Future Of Energy
Authors: Betty Simkins, Russell Simkins
1st Edition
1118017129, 978-1118017128
