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Firm X is considering the replacement of an old machine with one that has a purchase pitce of $80,000. The current market value of the
Firm X is considering the replacement of an old machine with one that has a purchase pitce of $80,000. The current market value of the old machine is $26000 but the book value is $37,000. The firm's tax rate for ordinary income is 29%. What is the net cash outtlow for the new machine after considering the sale of the old machine? Mutsple Choice $50,810 $63,160 $47410 $56.680
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