Firm X is considering the replacement of an old machine with one that has a purchase price of $75,000. The current market value of the old machine is $26,000 but the book value is $36,000. The firm's combined tax rate is 34%. 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.

a. $42,200

b. $57,950

c. $45,600

d. $51,470