What is the initial investment outlay, Accounting Basics

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What is the initial investment outlay

Problem:

Harden industries considers expansion. To accomplish this necessary equipment will cost $41334 and the additional investment in net operating working capital will be $21177. The firm's tax rate is 32%.

Requirement:

Task: What is the initial investment outlay? Give your answer to the nearest dollar.

Note: Provide support for rationale.

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Accounting Basics: What is the initial investment outlay

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Accounting Basics: What is the initial investment outlay

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