2. A machine was purchased two years ago at a cost of A machine was purchased two years ago at a cost of $ 200,000 to be useful for eight years with salvage value at the end of its life as $ 25,000. The annual maintenance cost is $ 25,000. The market value of the present machine is $ 120,000. Now, a new machine to cater to the need of the present machine is available at $ 150,000 to be useful for six years. Its annual maintenance cost is $14,000. The salvage value of the new machine at the end of its life is estimated to be $ 20,000 Using an interest rate of 12%, the decision regarding replacing the present machine with the new machine will be to; a. Keep the existing machine b. Replace the existing machine with new machine C. It can't be decided d. None of the above WHY