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Tannen Industries is considering an expansion. The necessary equipment would be purchased for $14 million, and the expansion would require an additional $3 million investment

Tannen Industries is considering an expansion. The necessary equipment would be purchased for $14 million, and the expansion would require an additional $3 million investment in net operating working capital. The tax rate is 40%.

A.)What is the initial investment outlay? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar. Enter your answer as a positive value.

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