Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $20 million, and production and sales will require an initial $2 million investment in net operating working capital. The company's tax rate is 25%. Enter your answers as a positive values millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answers to two decimal places. a. What is the initial investment outlay? \$ million b. The company spent and expensed $150,000 on research related to the new project last year. What is the initial investment outlay? \$ million sold for $1.5 million after taxes and real estate commissions. What is the initial investment outlay? million