Truman Industries is considering an expansion. The necessary equipment would be purchased for $9 million, and the expansion would require an additional $3 million investment in net operating working capital. The tax rate is 40%. What is the initial investment outlay: The company spent and expensed R50 000 on research related to the project last year. Would this change your answer? The company plans to use a building that it owns to house the project. The building could be sold for R1 million after taxes and real estate commissions. How would that fact affect your answer?