The hopkins company has estimated that a proposed project’s 10-year annual net cash benefit, received each year end, will be $2,500 with an additional terminal benefit of $5,000 at the end of the 10th year. information on present value factors is as follows: present value of $1 at 8% at the end of 10 periods .463 present value of an ordinary annuity of $1 at 8% for 10 periods 6.710 assuming that these cash inflows satisfy exactly hopkins’ required rate of return of 8%, what is the initial cash outlay?