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Madras Clothing Inc. is contemplating replacing one of its existing stamping machines with a newer model. The old machine was purchased 4 years ago for

Madras Clothing Inc. is contemplating replacing one of its existing stamping machines with a newer model. The old machine was purchased 4 years ago for $86,300, its current market value is $35,800 and if the company decides to keep this machine in operation, it could be sold 6 years from now for $5,030. The new machine Madras is evaluating would cost $164,600 and require $1,110 in delivery charges. WHAT IS THE INITIAL CASH FLOW FOR THIS PROJECT

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