8. (CMA) Superstrut is considering replacing an old press that cost $80,000 six years ago with a new one with a purchase cost of $225,000. Shipping and installation cost an additional $20,000. The old press has a book value of $15,000 and can be sold currently for $5,000. The increased production of the new press would increase inventories by $4,000, accounts receivable by $16,000, and accounts payable by $14,000. Superstruts net initial investment for analyzing the acquisition of the new press, assuming a 40% income tax rate is:

a.$256,000.

b.$242,000.

c.$250,000.

d.$245,000.

e.$236,000.