Mirah Copporation is trying to detemine the initial investment required to replace an ald machine with a nev one. The new machine costs $$64000.$ It will be depreciated under MACRS, using a $5-$yean recovery period. The $5$ year MACRS depreciation rates are:

$\backslash$table$[[$Year$,1,2,3,4,5,6],[$Depreciation$,20\%,32\%,19\%,12\%,12\%,5\%$