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N.I.N. Tack Co. is evaluating a new press that will cost $45,000 and will require an additional $3,000 for employee training. Shipping will cost $1,000

N.I.N. Tack Co. is evaluating a new press that will cost $45,000 and will require an additional $3,000 for employee training. Shipping will cost $1,000 and the setup charges are $500. N.I.N. will trade its existing press for a $5,000 credit toward the purchase price. If the old machine has been completely depreciated, what is the initial cash flow?

$49,500

$48,000

$54,500

$44,500

$46,000

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