The Thermalis spa forms a cash-generating unit (CGU) comprising a building with a long useful life and circulation pumps that must be replaced every four years to maintain the current level of service. For year 3 of its projections, operating outflows excluding the pumps amount to 300,000 and the replacement of the pumps, planned for that year, will cost 60,000. The finance director proposes to exclude this replacement, which he describes as an investment. What amount of outflows should be used for year 3?
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