Question: 3. A firm would like to replace a machine that originally cost $40,000. The new machine will cost $75,000, will require $10,000 to install

3. A firm would like to replace a machine that originally cost

3. A firm would like to replace a machine that originally cost $40,000. The new machine will cost $75,000, will require $10,000 to install and $5,000 to ship. They can sell the old machine today for $25,000 and have a 35% tax rate. The new machine will be depreciated over 10 years. Find the initial outlay and depreciation. I

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