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9. WanderThisWorld will purchase a new piece of equipment that will replace an older, less efficient, one. The new one costs $350,000 and shipping costs

9. WanderThisWorld will purchase a new piece of equipment that will replace an older, less efficient, one. The new one costs $350,000 and shipping costs are $10,000. Improving the lines to the new equipment will cost an additional $17,000. The old piece of equipment has a book value of $25,000 and can be sold for $12,000. The installation of the new equipment will increase inventories by $8,000, A/R by $20,000, and A/P by $10,000. If they have a marginal tax rate of 40%, what is the NINV for the piece of equipment?

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