Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $$15$ million, and production and sales will require an initial $$1$ million investment in net operating working capital. The company's tax rate is $25\%.$ Enter your answers as a positive values. Enter your answers in millions. For example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$ Round your answers to two decimal places.

What is the initial investment outlay?

$ million

The company spent and expensed $$150,000$ on research related to the new project last year. What is the initial investment outlay?

$ million

Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $$1\mathrm{.}6$ million after taxes and real estate commissions. What is the initial investment outlay?

$ million