Blackjack Inc. wants to replace a 9-year-old machine with a new machine that is more efficient. The old machine cost $69064 when new and has a current book value of $17937. Blackjack can sell the machine to a foreign buyer for $12994. Blackjack's tax rate is 31%. What is the effect of the sale of the old machine on the initial outlay for the new machine, to the nearest dollar?