The Faraway Moving Company is involved in a major plant expansion that involves the expenditure of $208 million in the coming year. In return for helping sell the $208 million in new debt, the firm's investment banker charges a fee of 150 basis points (where one basis point is 0.01 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?