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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 $69712 when new and has

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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 $69712 when new and has a current book value of $17855. Blackjack can sell the machine to a foreign buyer for $10306. Blackjack's tax rate is 22%. What is the effect of the sale of the old machine on the initial outlav for the new machine, to the nearest dollar

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