Question: Jenny is considering to purchase a new machine to replace the existing machine. The new machine costs $120,000 and an installation costs of $1,400 will

"Jenny is considering to purchase a new machine to replace the existing machine. The new machine costs $120,000 and an installation costs of $1,400 will be required. A buyer is currently willing to purchase the existing machine at $21,000. With the purchase of the new machine, the current assets will increase by $8,000 and the current liabilities will increase by $2,400. Calculate the initial investment of this project

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