You have a company that provides tutors for college students. Currently, it only provides these services for Japanese classess; however, you are thinking of starting the tutoring service for this finance class. After a long market study which you spent $$5,000$ to conduct, you figured out that your company will experience increase in annual revenues by $$50,000.$ Since you have to hire new tutors, the annual cost will also increase by $$10,000.$

The old equipment you have for the tutors has a $$6,000$ market value if sold today, which is fully depreciated to a book value of $$10,000.$ The new, high$-$tech equipment will cost you $$100,000.$ Additionally, you will pay shipping fees of $$10,000.$ The new equipment will be depreciated via $5-$year MACRS schedule $(20\mathrm{.}0\%,32\mathrm{.}0\%,19\mathrm{.}2\%,11\mathrm{.}5\%,11\mathrm{.}5\%,5\mathrm{.}8\%).$ The estimated realized salvage value of the new equipment is $$20,000.$ If the firm buys the new equipment, you will need to invest $$30,000$ in working capital which will be fully recovered at the end of the project. You have a $10\%$ cost of capital and a tax rate of $40\%.$ What is the initial outlay?