Exclusive Golfing Supplies (EGS),an Outdoor Golfing Equipment Producer That Specializes

Exclusive Golfing Supplies (EGS) ,an outdoor golfing equipment producer that specializes in personalized,precision golf clubs,engaged in a laboratory analysis to test the newest metallic compounds on the market.In Stage I,the project-identification stage,EGS learned of a new compound that is expected to increase the precision and improve the quality of golf clubs.In Stage II,the information-gathering stage,the cost of new machinery and training is computed to produce materials associated with the new technology.The results of the analysis revealed $580,000 the cost of new machinery and $16,000 total training gear to run the new machines.The managerial accountant reported that the cash flow from the disposal of the current equipment is $42,000.
Required
Compute the net initial investment of the new machine.

A) $560,000
B) $554,000
C) $610,00
D) $570,000
E) $590,000