Matt is the CFO of Kuchar Consolidations Inc. KCl is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is $18,000 but the book value is $32,000. The firm's tax rate for ordinary income is 35%. What is the net cash outflow for the new machine after considering the sale of the old machine? Select one: O a. $47,800 O b. $38,000 O c. $45,000 O d. $47.100