The Management of Gordon company plans to replace a sorting machine that was acquired several years ago at a cost 600,000.The machine has been depreciated to its salvage value of 50,000.A new sorter be purchased for 700,000.The dealer will grant a trade in allowance of 60,000 on the old machine.If a new machine is not purchased, the company will spend 250,000 to repair the old machine.Income tax is estimated at 40% of the income subject to tax.What is the amount of cash outflow?