A machine purchased three years ago for $301,000 has a current book value using straight-line depreciation of $178,000; its operating expenses are $35,000 per year. A replacement machine would cost $232,000, have a useful life of ten years, and would require $12,000 per year in operating expenses. It has an expected salvage value of $62,000 after ten years. The current disposal value of the old machine is $74,000; if it is kept 10 more years, its residual value would be $17,000.

Calculate the total costs in keeping the old machine and purchase a new machine.

	Keep Old Machine	Purchase New Machine
Total cost	?	?