stions 10 points s. A bank is considering a capital expenditure project that will involve purchasing new equipment costing $7,000, with an additional $2,000 charge for delivery. Installation of the equipment is expected to be $5,000. The equipment has an expected life of 3 years and an estimated salvage value of $3,500. The proposed project will require an dditional working capital investment of $2,500 Revenues for the project are forecasted to be 59,000 per year and cash expenses are expected to be 3,000. The bank has a 10% marginal fee rate and has a 946 weighted average cost of capital (WACC). Calculate the Initial Cash Outlay for the proposed project. $14.500 $17.500 58.500 d 520,300 None of the listed items is correct