Given the following information, what is the required cash outflow associated with the acquisition of a new machine; that is, in a project analysis, what is the initial investment outlay at t = 0? Purchase price of new machine Installation charge Market value of old machine Book value of old machine Inventory decrease if new machine is installed Accounts payable increase if new machine is installed Tax rate Required rate of return $8,000 2,000 2,000 1,000 1,000 500 34% 15%