A new machine can be purchased for $1,500,000. It will cost $45,000 to ship and $55,000 to fine-tune the machine. The new machine will replace an older version that is fully depreciated and will be sold for $125,000. The firm's income tax rate is 40%. What is the net investment cost of the machine for capital budgeting purposes? Show your work....

		$1,525,000
		$1,725,000
		$1,600,000
		$1,675,000