The Faraway Moving Company is involved in a major plant expansion that involves the expenditure of $214 million in the coming year. The firm plans on financing the expansion through the retention of $135 million in firm earnings and by borrowing the remaining $79 million. In return for helping sell the $79 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?