Giant Construction is purchasing a new drilling machine. The old machine has a BV of $2,000, and Giant has someone willing to buy it for $5,000. The new machine costs $60,000 and will be straight line depreciated over its 5-year life. The new machine will also immediately increase inventory by $3,000 and accounts payable by $1,200. Giants tax rate is 34%. What is the total initial (t=0) cash flow for the replacement decision?