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Able Corp is evaluating a proposal to replace a conveyer oven. The old oven was originally purchased for $10,000, and has accumulated depreciation of $9,000. It could be sold now for $3,000. The new oven would cost $17,000 to purchase and $3,000 to install. Able Corp has a tax rate of 21%. What is the net initial investment to replace the conveyer oven? $19,580 $14,420 $17,420 $17,000