Management of Plascencia Corporation is considering whether to purchase a new model $370$ machine costing $$360,000$ or a new model $220$ machine costing $$340,000$ to replace a machine that was purchased $7$ years ago for $$348,000.$ The old machine was used to make product I$43$L until it broke down last week. Unfortunately, the old machine cannot be repaired.

Management has decided to buy the new model $220$ machine. It has less capacity than the new model $370$ machine, but its capacity is sufficient to continue making product I$43$L$.$

Management also considered, but rejected, the alternative of simply dropping product I$43$L$.$ If that were done, instead of investing $$340,000$ in the new machine, the money could be invested in a project that would return a total of $$411,000.$

In making the decision to invest in the model $220$ machine, the opportunity cost was: