Question: You are given the following information. What is the initial cash outflow? Purchase and installation of new equipment $12,000 The sale price of replaced equipment

You are given the following information. What is the initial cash outflow?

Purchase and installation of new equipment $12,000

The sale price of replaced equipment $ 4,000

Book value of replaced equipment $ 3,000

When the new equipment is installed:

Inventory increase $ 2,000

Accounts payable decrease $ 1,000

TAXES 40%

IN YOUR ANSWER DO NOT USE WORDS JUST NUMBERS SUCH AS 000,000 000000

Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir

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