15- Firm X is considering the replacement of an old machine with one that has a purchase price of $80,000. The current market value of the old machine is $22,000 but the book value is $38,000. The firm's combined tax rate is 34%. What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired.

• $49,160
• $52,560
• $64,910
• $58,430