A CNC machine was installed 10 years ago in a plant at a capital investment cost of $70,000. This press has today a market value of $14,000. If this CNC machine is kept, it will have an economic life of three years, operating expenses of $14,000 per year, and a Market Value of $10,000 at the end of year three. This existing CNC machine is being depreciatedby a straight line method using a 15 years of class life period with an estimated Salvage Value of $10,000 used for depreciation purposes. As an alternative, the currently owned CNC machine will be replaced by a new machine which will cost $60,000 to purchase and $5,000 to install, have operating expenses of $9,000 per year andhave a final market value of $10,00 at the end of its twenty-year economic life. If the replacement is made, the new CNC machine will be depreciated by straight line method with anestimated Salvage value $10,000 at the end of year 20. It is thought that a CNC machine will be needed indefinitely at the plant. If the the After Tax MARR Rate is 10% per year and the Effective Tax Rate is 40%, perform an After Tax Cash Flow Analysis to answer this question. Should the OLD CNC machine be kept or replaced by the new CNC machine?