IRIS This year ABC Company reported net property, plant, and equipment (PP&E) of $17.791 million after having reported net PP&E of $10.824 million last year. During the year the company sold PPRE with a netbook value of 51,726 million for 51,684 million. ABC also charged 57,432 million in depreciation expenses against its earnings. How much in Smillons) did ABC spend to acquire PP&E during the year? Assume that all new PP&E was acquired for cash. Note that your answer will represent a cash outflow for purchasing new PP&E, but you should present your result as a positive value > Moving to another question will save this response