Jain Company is contemplating the replacement of its old printing machine with a new model costing $60,000. The old machine, which originally cost $40,000, has 6 years of expected life remaining and a current book value of $30,000 versus a current market value of $24,000. Jain's corporate tax rate is 22 percent. If Jain sells the old machine at market value, what is the initial after-tax outlay for the new printing machine?

		-$34,680
		-$30,000
		-$34,500
		-$36,000