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Given the following information, what is the required cash outflow associated with the acquisition of a new production system? - Purchase price of new machine $20,000 - Installation Charge $2,000 - Shipment charge $2,000 - Market value of old machine $2,000 - Book Value of old machine $1,000 - Inventory increase if new machine is installed $700 - Expected Accounts Payable increase $150 - Feasibility study costs paid last year. $600 - Land purchased for this project last year $60,000 - Current Market Price of the land $70,000 Tax rate 30% - Cost of capital 10% a) $70,700 b) $70,800 c) $80,700 d) $82,700