Question: Giant Construction is purchasing a new drilling machine. The old machine has a BV of $2,000, and Giant has someone willing to buy it for

Giant Construction is purchasing a new drilling machine. The old machine has a BV of $2,000, and Giant has someone willing to buy it for $3,000. The new machine costs $60,000 and will be straight line depreciated over its 5-year life. The new machine will also immediately increase inventory by $3,000 and accounts payable by $1,200. Giant's tax rate is 33%. What is the total initial (t=0) cash ow for the replacement decision? Please enter your answer to the nearest dollar, with no dollar signs or commas, e.g., -$15,782 should be entered as -15782

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