Firm X is considering the replacement of an old machine with one that has a purchase price of $65,000. The current market value of the old machine is $20,000 but the book value is $38,000. The firm's tax rate for ordinary income is 35%. What is the net cash outflow for the new machine after considering the sale of the old machine?

a. $51,050b. $35,300c. $38,700d. $44,570

which one is it??