You are given the following information. What is the initial cash outflow?
Purchase and installation of new equipment $12,000
The sale price of replaced equipment $ 4,000
Book value of replaced equipment $ 3,000
When the new equipment is installed:
Inventory increase $ 2,000
Accounts payable decrease $ 1,000
IN YOUR ANSWER DO NOT USE WORDS JUST NUMBERS SUCH AS 000,000
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