A project to replace an old machine with a new one is under consideration. The new machine costs 511700 and requires an additional working capital investment of 5750. The old machines expected to have a $1500 salvage value. Calculate the initial Outlay of this replacement project assuming the book value of the old asset 5750. They may tax rate : 35 510.537.50 510.612.50 512.06250 O $11.362,50 None of the listed choices is correct