11-4 (Replacement Analysis) Cyclops Robotics is considering replacing equipment that it uses to make robots. The new equipment costs $1 million and will have a useful life of 10 years. The existing equipment could be sold today for $200,000 or operated for 10 more years. The new and old equipment are both expected to have a salvage value of zero in 10 years. The new and old equipment are both in Class 43 with a CCA rate of 30%. The firm feels that a project discount rate of 12% is appropriate, and the marginal income tax rate for the firm is 40%. The incremental before-tax net operating revenues will be $180,000 per year for the next 10 years if the old equipment is replaced. The firm estimates that no incremental changes in net operating working will be required. Based on the estimated incremental NPV, should the old equipment be replaced