Ten years ago, the Zola Company purchased a grinder for $100,000. It is being depreciated on straight-line basis to an estimated $10,000 salvage over a 15 year period. The firm now wishes to sell the old grinder and purchase a new one at a cost of $200.000. The firms income tax rate (federal plus state) is 35%. There will be no change to working capital. What is the Year-0 cash flow required to purchase the new grinder, if the old grinder is sold for $40,000?

Group of answer choices $160,000 $159,200 $152,000 $159,000