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ABC, Inc is considering the purchase of a new equipment. The equipment costs $16576 and...

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Finance

ABC, Inc is considering the purchase of a new equipment. The equipment costs $16576 and an additional $573 is needed to install it. The project will also require an initial $6122 investment in net working capital. The equipment will be depreciated straight-line to zero over a five-year life. What is the project's initial investment outlay? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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