Sigma Gama is consideringreplacing the existing machine witha more efficient machine. The newmachine costs $$103707$ andrequires $$6820$ in installation costs.The old machine was purchased $2$years ago for an installed cost of$$21688$ and can be sold for $$47638$net of any removal costs today. Bothmachines are depreciated under theMACRS $5-$year recovery schedule.The firm is in $40$ percent marginaltax rate. Calculate the initialinvestment required for the newmachine