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A new tire balancing machine is available to replace an existing one. The new one will cost $5,092. The old one originally cost $2,594 and

A new tire balancing machine is available to replace an existing one. The new one will cost $5,092. The old one originally cost $2,594 and was classified as 3-year property (with depreciation rates of 33.33% and 44.45% in the first two years). Two years have passed since the old one was purchased. Shipping of the new machine will cost $320. Assume a 40% tax rate. What is the net initial cash flow? Assume the old machine cannot be sold. Group of answer choices $5,258 -$5,258 -$5,412 -$5,181 $5,181

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