Minnesota Manufacturing wishes to modernize its technology and thereby enhance sales. The installation costs of the new computers will be $75,000. The current computers have been fully depreciated and a buyer has not been located. The following changes are anticipated to its current assets and liabilities.

Accounts payable: $5,000 Accounts receivable: $9,000 Accruals: -$1,000 Inventory: $6,000

What is the initial investment associated with the technology modernization?