The Target Copy Company is contemplating the replacement of its old printing machine with a new model costing $ 36 ,000. The old machine, which originally cost $ 33 ,000, has 3 years of expected life remaining and a current book value of $ 23 ,000 versus a current market value of $ 29 ,000. Target's corporate tax rate is 30 percent. If Target sells the old machine at market value, what is the initial after-tax outlay for the new printing machine? Since this is a cash outlay, be sure to use the - sign when writing your answer.