Hewlett-Packard has designed a new type of printer that produces​ professional-quality photos. These new printers took 2 years to​ develop, with research and development running at​ $10 million after taxes over that period. Now all​ that's left is an investment of​ $22 million after taxes in new production equipment. It is expected that this new product line will bring in free cash flows of​ $5 million per year for each of the next 10 years. In​ addition, if​ Hewlett-Packard goes ahead with the new line of​ printers, the current production facility for the old printers that are to be replaced with this new line could be sold to a​ competitor, generating​ $3 million after taxes. Required:
How should the $10 million of research and development be treated?