Question: A $ 8 2 . 0 0 0 machine with a 7 year clars life was purchased 4 years ago. The machine will now be

A $82.000 machine with a 7 year clars life was purchased 4 years ago. The machine will now be sold for $21.000 and replaced with a new machine costing $55.000, with a 5-year class lie. The new machine will not increase sales, but will decrease operating costs by $16,000 per year, Simplifed straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent, What is the initial ourtyy for the project? NOTE - ALTHOUCAH THE INITIAL OUTLAY IS NEGATIVE, PLEASE ENTER YOUR ANSWER AS A FOSITIVE SNGL IN OTHER WORDS, IF YOUR ANSWLR IS -10.000. ENTER IT AS 10.000. DO NOT ENTER THE DOLLARSGN.
A $ 8 2 . 0 0 0 machine with a 7 year clars life

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