IBM is replacing an old assembly line that cost $95000 five years ago, with a new more efficient machine that will cost $230,000. Shipping and installation will cost an additional $20,000. The old machine has a book value of $15,000 but will be sold for $5000.00. The new machine will be depreciated with a 7 year life under MACRS guidelines. With the increased production inventories will increase $4000.00, accounts receivables will increase $16,000.00 and accounts payable will increase $14,000. If IBM has a marginal tax rate of 40 percent, what is the net investment?