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AQ Sports purchases a new tennis racquet stringing machine. Installation is $1,000 and the machine cost is $10,000. After purchasing the new machine, they sell

AQ Sports purchases a new tennis racquet stringing machine. Installation is $1,000 and the machine cost is $10,000. After purchasing the new machine, they sell their existing one for $1800. If the book value of their existing machine is $0 and they are in the 21% tax bracket, what is the required initial investment of the new machine?

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