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The Faraway Moving Company is involved in a major plant expansion that involves the expenditure of $182 million in the coming year. The firm plans

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The Faraway Moving Company is involved in a major plant expansion that involves the expenditure of $182 million in the coming year. The firm plans on financing the expansion through the retention of $140 million in firm earnings and by borrowing the remaining $42 million. In return for helping sell the $42 million in new debt, the firm's investment banker charges a fee of 250 basis points (where one basis point is 01 percent). If Faraway decides to adjust for these flotation costs by adding them to the initial outlay, what will the initial outlay for the project be? The flotation cost adjusted initial outlay is $. (Round to the nearest dollar.)

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