-Smith Engineering is considering an expansion that will require an investment of $555,749 in equipment. The proposed expansion will also require an additional $90,000 in inventory to support the equipment. The firm paid a consulting firm $35,000 last year for advice on the project. What are the initial cash flows?

-Smith Engineering is considering an expansion that will require an investment of $300,000 in equipment. The proposed expansion will also require an additional $70,000 in inventory to support the equipment. The firm paid a consulting firm $50,000 last year for advice on the project. The firm will use a building that could be sold for $189,860.

What is the initial investment outlay?