Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $17 million, and production and sales will require an initial $5 million investment in net operating working capital. The company's tax rate is 35%. 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? million after taxes and real estate commissions. How would this affect your answer? The project's cost will