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 $18,000 but the book value is $32,000. The firm's combined tax rate is 30%. 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. Multiple Choice $70,000 $40,100 $52,000 $47,800 All of the following is information required to create a net present value profile except for which one? Multiple Choice NPV at the cost of capital NPV at the risk-free rate NPV at a O discount rate O IRR of investment Which of the following is not a money market instrument? Multiple Choice Negotiable certificates of deposit Treasury bills Commercial paper Treasury bonds