Firm X is considering the replacement of an old machine with one that has a purchase price of $$70,000.$ The current market value of the old machine is $$22,000$ but the book value is $$37,000.$ The firm's combined tax rate is $27\%.$ What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired.