Question: RenMed Inc. wants to replace a 10 year old machine with a new machine that is more efficient. The old machine cost $80,000 when new

RenMed Inc. wants to replace a 10 year old machine with a new machine that is more efficient. The old machine cost $80,000 when new and has a current book value of $17,000. RenMed can sell the machine to a foreign buyer for $14,000. RenMed's tax rate is 21%. The effect of the sale of the old machine on the initial outlay for the new machine is__ ($13,240). ($12,610). ($14,210). $(14,630).

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