QUESTION 25 5 points Saved Table 11.1 Fine Press is considering replacing the existing press with a more efficient press. The new press costs $55,000 and requires $5,000 in installation costs. The old press was purchased 2 years ago for an installed cost of $35,000 and can be sold for $20,000 net of any removal costs today. Both presses are depreciated under the MACRS 5-year recovery schedule. The firm is in 40 percent marginal tax rate. Calculate the initial investment of the new asset. (See Table 11,1) For the toolbar is ALT4610 Pror ALTEN.FI IM