Talbot Industries is considering launching a new product. The new manulacturing equipment will cost $16 million, and production and sales will require an initi $3 million investment in net operating working capital. The company's tax rate is 40%. a. What is the initial investment outlay? Enter your answer as a positive value. Enter your answer in dollars. For example, an answer of $1. 2 million should be entered as $1,200,000. Round your answer to the nearest dollar. b. The company spent and expensed $150,000 on research related to the new project last year. Would this change your answer? , last year's $150,000 expenditure considered a sunk cost and represent an incremental cash flow. c. Rather than bulid a new manufacturing facility, the company plans to install the equipment in a building it owns but is noe now using. The bulding could be sold for $1.5 mition after taxes and real estate commissions. How would this affect your answer? The project's cost will