A manufacturer is trying to determine the initial investment required to replace an old machine with a new, more sophisticated model. The proposed machine's purchase price is $$356,000,$ and an additional $$20,000$ will be necessary to install it$.$ It will be depreciated under MACRS using a $5-$year recovery period. The present $($old$)$ machine was purchased $3$ years ago at a cost of $$231,000$ and was being depreciated under MACRS using a $5-$year recovery period $($Use: $20\%,32\%,$ and $19\%$ for the first three years$).$ The firm has found a buyer willing to pay $$211,000$ for the present machine and to remove it at the buyer's expense. The firm expects that a $$34,000$ increase in current assets and an $$18,000$ increase in current liabilities will accompany the replacement. The firm pays taxes at a rate of $0\mathrm{.}20.$ What is the firm's initial investment if it goes with replacing the old machine?