Ten years ago J-Bar Company purchased a lathe for $250,000.It was being depreciated on a straight-line basis to an estimated $25,000 salvage value over a 15-year period.The firm is considering selling the old lathe and purchasing a new one.The new lathe would cost $500,000.The firm's marginal tax rate is 40 percent.Determine the net initial investment required to purchase the new lathe if the old lathe is sold for $100,000.