Use the following information to answer questions $34-38.$

Lee, Inc. is considering the production of a new line of soft drinks at its Springfield, IL plant. The CFO of Lee, Inc. is provided with the following information on the new project:

The expansion will require the immediate purchase of new machinery for $$27,000,000.$

$>$ The firm has spent $$1,000,000$ to train workers to use the new machinery.The company uses straight$-$line depreciation. The project has an economic life of $10$ years. The machinery has a salvage value of $$1,000,000$ and will be sold for that amount at the conclusion of the project.Based on this information, the initial net cash flow of the project $($i$.$e$.,$ CF$0)$ is $a$.-29,400,000$b$.-30,200,000$c$.-31,600,000$d$.-28,200,000$e$.-32,000,000$