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Blackjack Inc. wants to replace a 9-year-old machine with a new machine that is more efficient. The old machine cost $69356 when new and has

Blackjack Inc. wants to replace a 9-year-old machine with a new machine that is more efficient. The old machine cost $69356 when new and has a current book value of $17830. Blackjack can sell the machine to a foreign buyer for $11470. Blackjack's tax rate is 26%. What is the effect of the sale of the old machine on the initial outlay for the new machine, to the nearest dollar?

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