The flotation cost adjusted initial outlay

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The Faraway Moving Company is involved in a major plant expansion that involves the expenditure of ?$214 million in the coming year. The firm plans on financing the expansion through the retention of ?$135 million in firm earnings and by borrowing the remaining ?$79 million. In return for helping sell the ?$79 million in new? debt, the? firm's investment banker charges a fee of 150 basis points? (where one basis point is 0.01? percent) . If Faraway decides to adjust for these flotation costs by adding them to the initial? outlay, what will the initial outlay for the project? be?

The flotation cost adjusted initial outlay is $_______?(Round to the nearest? dollar.)

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