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Textran Industries is considering an expansion. The new manufacturing equipment will cost $22 milion, and production and sales will require an initial $1.5 million investment

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Textran Industries is considering an expansion. The new manufacturing equipment will cost $22 milion, and production and sales will require an initial $1.5 million investment in net operating working capital. The company spent and expensed $500,000 on research related to the new product last year (Sunk Cont). I the company's tax rate is 30%, what is the initial investment outlay? a $22,000,000 6.523,500,000 6.520,000,000 0.522 500,000 O.523,000,000

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