Baywatch, Inc. is considering replacing its old mannequins with new, redesigned mannequins. The old mannequins have a depreciated book value of $85,000 and may be sold to collectors for $250,000. Because of their popularity, the new mannequins will cost $1,100,000. The tax rate for the company is 22%. a) Calculate the gain or loss on the sale of the old mannequins and the correspondent tax effect. b) What is the initial investment required to replace the old mannequins