Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $17 million, and pro

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Talbot Industries is considering launching a new product. Thenew manufacturing equipment will cost $17 million, and productionand sales will require an initial $3 million investment in netoperating working capital. The company's tax rate is 25%. Enteryour answers as a positive values. Enter your answers in millions.For example, an answer of $10,550,000 should be entered as 10.55.Round your answers to two decimal places. What is the initialinvestment outlay? $ million The company spent and expensed$150,000 on research related to the new project last year. What isthe initial investment outlay? $ million Rather than build a newmanufacturing facility, the company plans to install the equipmentin a building it owns but is not now using. The building could besold for $1.6 million after taxes and real estate commissions. Whatis the initial investment outlay? $ million