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Vastatin Industries is considering an expansion. The necessary equipment would be purchased for $ 2 0 million, and the expansion would require an additional $

Vastatin Industries is considering an expansion. The necessary equipment would be purchased for $20 million, and the expansion would require an additional $5 million investment in net operating working capital. The company spent and expensed $500,000 on research related to this project last year. How much is the initial investment outlay of this project?
a) $20 million
b) $25 million
c) $25.5 million
d) $20.5 million
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