smith and sons company is considering a new drilling machine for its production plant to replace an old drilling machine that originally cost $11,000 and has $7,700 of accumulated depreciation. the new machine can be purchased at a cash cost of $17,600, but the distributor of the new drilling machine has offered to take the old machine in as a trade-in, thereby reducing the cost of the new machine to $15,400. based only on this information, calculate the total relevant cost of acquiring the new machine.