You are contemplating the replacement of an old printing machine with a new model costing $56,000. The old machine, which originally cost $40,000, has 6 years of expected life remaining and the current book value of $17,000 versus the current market value of $21,000. The firm's corporate tax rate is 32 percent. If the company sells the old machine at the market value, what is the initial after-tax cash outlay for the new printing machine purchase? $35,080 $35,370 $35,530 $35,870 $36,020 $36,280