Question: ABC Ltd is considering the replacement of its old machine with a new model costing $60,000.The old machine, which originally cost $50,000, has 5 years

ABC Ltd is considering the replacement of its old machine with a new model costing $60,000.The old machine, which originally cost $50,000, has 5 years of expected life remaining, and a current book value of $30,000.ABC's corporate tax rate is 30%. If ABC sells the old machine now for 21336, what is the initial after-tax investment for the new machine?

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