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Thaler & Co. has a flotation adjusted capital outlay of $18,000,000 for its project. They plan to depreciate their asset at $1,500,000 per year,

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Thaler & Co. has a flotation adjusted capital outlay of $18,000,000 for its project. They plan to depreciate their asset at $1,500,000 per year, for its useful life. The project requires a $4,000,000 increase in accounts receivable, a $3,000,000 increase in inventory, and a $3,000,000 increase in accounts payable. Thaler has a 21% tax rate. What should Thaler recognize as its cash flow in year 0, at the start of the project? O $29,500,000 O $28,000,000 O $22,000,000 O $20,500,000 O $14,000,000

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