A machine that originally cost $27,000 and was depreciated straight line has 2 years left...
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A machine that originally cost $27,000 and was depreciated straight line has 2 years left of its 5-year life left and is being replaced with a newer machine. Its current market value is $12,000. The firm's tax rate is 34%. The cost of the new machine costs $90,000. Calculate the initial outlay on the new machine.
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