Social Studies, 19.12.2019 01:31, mason3870

Franklin corporation is considering an expansion project. the necessary equipment could be purchased for $15 million and shipping and installation costs are another $500,000. the project will also require an initial $2 million investment in net operating working capital. if the company's tax rate is 40%, what is the project's initial investment outlay (in millions)?

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Franklin corporation is considering an expansion project. the necessary equipment could be purchased...