Tannen industries is considering an expansion the necessary, Ask an Expert

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Tannen Industries is considering an expansion. The necessary equipment would be purchased for $14 million, and the expansion would require an additional $4 million investment in net operating working capital. The tax rate is 40%.

What is the initial investment outlay? Round your answer to the nearest dollar. Write out your answer completely.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92860924

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