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Required investment

Truman Industries is considering an expansion. The necessary equipment would be purchased for $10 million, and the expansion would require an additional $1 million investment in net operating working capital. The tax rate is 40%.

What is the initial investment outlay? Round your answer to the nearest cent. Write out your answer completely. For example, 13 million should be entered as 13,000,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91381501

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