Practo is considering replacing an old press that cost $$100,000$ six years ago with a new one that would cost $$245,000.$ The old press has a net book value of $$20,000$ and could be sold for $$5,000.$

The increased production of the new press would require an investment in additional working capital of $$5,000.$ The company's tax rate is $40\%.$

What would be Practo's net investment now in the project?

$240,000$

$245,000$

$246,000$

$251,000$