A company decides to invest in replacing an old machine. The company buys a new machine for $150,000. It sells the old machine for $75,000. The old machine had a book value of $30,000 at the time it was sold. The company's tax rate is 35%. What is the net cost of the investment in the new machine (to be used in capital budgeting analysis)?

Group of answer choices

$90,750.00

$75,000.00

$30,000.00

$150,000.00