Jones Inc. is evaluating a new machine costing $190,000. Assume an old machine that will be replaced has a market value of $40,000 after tax. Current assets are $50,000 and current assets are $20,000. The firms tax rate is 20 percent. What is the initial cash outlay for the new machine? Is this a cash inflow or cash outflow at time 0 assuming the new machine is purchased? What is the depreciable basis of the new machine? Do not use excel.