Firm X is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is...

Firm X is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is $25,000 but the book value is $32,000. . What is the net cash outflow for the new machine after considering the sale of the old machine?a)70000b)45000c)38000d)32000